Golf Courses: Appraisal and Valuation (the UK Experience)

Abstract

Notes that the development appraisal seeks to establish the potential use value of land as a golf course. Points out that achieving optimum productivity may be seriously hampered by the “conservatism” of planning authorities reluctant to allow added value in the form of other facilities, particularly any associated housing development and especially in metropolitan greenbelts. Concludes that developers will recognise the need to initiate market researched appraisal‐led schemes and planners will have to reconcile market forces with environmental objectives.

Leisure property: a question of profit?

“…It is argued that the UK has a poor record of leisure provision (see for example[14]). Any further increase in leisure activity is likely to have implications for the number and type of leisure developments.…”