ALL is not lost when it comes to the golf homes market, says Andrea Sartori, head of KPMG’s golf advisory practice, who reckons golf resorts on the Mediterranean, in particular, will be hot property once again.

Not convinced? He concedes that at the moment it’s not looking good, what with the combination of liquidity problems, the lack of financing for developers and real estate buyers, and increased risk in markets that were previously considered to be relatively safe, such as Greece, Italy, Spain and Portugal.

But he reckons there will be a point when the international economy recovers and developers will be looking at markets where there is strong domestic demand and tourism appeal to attract international buyers and golf tourists.

What he’s more vague about is when exactly this is going to happen, but he reckons the first buyers to make a comeback will be people looking to locate their principal residence on golf estates. Speculators will eventually come back, but on a much smaller scale.