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The Larnaca Golf Course (Tersefanou Golf Resort)

An air of uncertainty still hovers over the Larnaca Golf Course and Country Club, despite the fact that it received the final go-ahead from Cyprus' Ministry of the Interior in April 2010.

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On paper the Larnaca Golf Course is one of the finest venues in Cyprus

 
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Designed by the European Golf Federation, and maintained by PGA Golf Management, the design, and management subsidiary of the Professional Golfer’s Association, the Tersefanou golf club has been touted by many as being among the finest projects of its kind in Cyprus. So far, however, (April 2011) there is still no sign of any activity at the site west of Larnaca.

Find out more:
Tersefanou Golf Resort   |   Larnaca Golf Course

 

Main Cyprus Golf Courses Page
Larnaca Golf Course
Vikla Golf Course
Aphrodite Hills Golf Resort
Secret Valley Golf Course
Elea Golf Resort
Tsada/Minthis Hills Golf Course
Limni Golf Resort
Cyprus' 14 New Golf Courses?

Click here to find out what's happening right now at the Tersefanou Golf Course

The Tersefanou Golf Course would be vital for the Larnaca region's infrastructure

Since the other three courses in Cyprus are located in the Paphos and Limassol areas, the construction of this massive mixed-use golf/leisure resort would provide a much demanded alternative to the lengthy drive (no pun intended) currently required to reach the courses at Secret Valley, Aphrodite Hills, Tsada and Elea, and thereby represent a substantial boost to the region's recreation and tourist infrastructure.

Master plans for Larnaca Golf Course and Country Club include a six star hotel, a luxurious club house with a number of restaurants, bars, a library, children’s play area and banquet hall. But aside from its golfing facilities, including a 6,000+ metre championship golf course, golfing academy, driving ranges and resident professionals, the plans also incorporate an international business centre, retail village, health spa and fitness centre, equestrian centre, football academy, swimming pool, tennis courts and much more.

 

Teeing off...

Click here for the Tersefanou Golf Resort Map

It all sounds very good on paper, but where do things stand at the moment?

The simple fact is that while construction on Limni's two signature golf courses is blazing ahead with multi-million Euro land-sculpting programs and monumental earthworks, nothing much is happening at the Larnaca golf course site. Indeed, the consortium in charge of the resort's construction has apparently confessed to a local property action group that there are insufficient funds to allow the golf course's construction at any point in the immediate future.

This announcement, in turn, has prompted grave concern among the countless small investors and golf enthusiasts who bought properties at Tersefanou village in recent years, purely because of the promised golf resort.

Taking the Putt

 

An excellent investment?

The Larnaca golf course has now been forthcoming for over five years, and during this time the surrounding region has experienced a veritable explosion of property development. Indeed, Tersefanou is now veritably bristling with countless villas and apartment complexes, most of which were originally sold as prime investments, purely on the strength of the promised leisure resort.

However, the seemingly endless delays, along with the recent claims of inadequate financial backing, have taken their toll on property values around Tersefanou, and many homes are now worth substantially less than their original selling price just a few years ago.

At this stage a glut of available homes in what, without the Larnaca Golf Course's presence, is just another one of Cyprus' many backwater farming villages, make this a dubious seedbed for prospective investors.

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What then is the future of golf property investments in Cyprus?

It's no secret that the collapse of the overseas property market, and the prevailing global economic climate have taken their toll on potential investors. However, despite the slump there are still solid property investments to be found on the next generation of Cyprus' golf courses, so long as one ignores those venues with unrealistically high prices of €7,000+ per square metre.

Additionally, one need only cast one's eye over construction activities at venues such as Limni and Secret Valley to see which of the many forthcoming Cypriot golf resorts are likely to actually be finished.

Ultimately, making an investment in overseas property takes careful consideration and expert advice. Aphrodite Sun Properties has been providing prospective investors with outstanding advice about the Cypriot property market since 2004, and our staff take great pride in their unrivaled customer satisfacion records. So if you're wondering about buying a home on one of Cyprus' golf resorts - present or future - we will be happy to discuss your own requirements and provide solid advice based on your individual needs.

We don't just want to sell you a property.
We make sure you're safe, satisfied and informed.

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Please note that all images on this page were taken at the Aphrodite Hills golf course, and are included to provide an example for general guidance only.

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Safe as Houses?

While the Republic of Cyprus' new golf courses have created quite a stir for one reason or another, there are also rumours afoot about golf courses in the Turkish Republic of North Cyprus, especially in view of the 18-hole course recently completed near Esentepe. But as we all know, investing in North Cyprus homes can be an extremely risky business.
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Disclaimer. Please note that the information given on this website is displayed for guidance purposes only. It does not replace the need for professional advice, either legal or otherwise. E&OE

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