One Spanish real estate firm has pointed out that properties located on or near Spanish golf courses have weathered the economic storm better than comparable homes on the coast.

This is the assertion of Taylor Wimpey de Espana, which noted that the value of such dwellings fell by a maximum of 20 per cent - significantly better than the 30 to 35 per cent decline exhibited among properties on the coast that are not near a golf course.

Investors may also want to bear in mind the firm's argument that purchasing real estate on a golf course in Spain "can be a very sound investment".

Good year-round weather and the rising popularity of overseas golfing holidays mean that rental income can be generated in every season, the company explained.

Meanwhile, managing director of Spanish-Living.com Adrian Warriner recently noted that the property markets in the Balearic and Canary Islands have fared better than many other parts of the country, with prices falling by just 2.5 per cent over the course of 12 months.