English
Romania currently has five golf courses which aim to meet the requirements of savvy golfers: one in the Diplomat"s Club in Bucharest (6 cups), one in the county of Alba (9 holes, 75 hectares), one in Breaza and one in Recaş (34 hectares), with the latest golf course located in Zurbaua, near Bucharest (6 holes). "Just like in the case of farming land, one of the things that makes it difficult for an investor to develop a golf course is the fact that the land is split in lots of small-sized plots. It remains extremely difficult to buy perfectly compacted plots of land in the vicinity of Bucharest, and in places where joining several plots together was feasible, prices grew enough to become totally outrageous", said officials of the company EuroMetropola, in a press release sent to our editors.
In the towns neighboring the newest golf course in Romania (Zurbaua, Săbăreni, Tărtăşeşti), land prices varied between 20-120 Euros/sqm last summer when the golf club was inaugurated, whereas a truly professional golf course needs 1000 hectares of land. "These last six months, prices for big plots of land have dropped 20-25%", "EuroMetropola" agents said.
They said that Eastern Europe is still lacking in the professional golf course department. Romania could find itself in a favorable position at this time, because of its low land prices and the opportunity to easily acquire and merge plots in a market that"s been starved for buyers in the last six months.
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