2016 to be the year of Serviced Apartment investment
A number of key industry figures believe2016 could be a hugely significant year for serviced apartment investment in the UK as the sector establishes itself in the British property market.
Mark Harris of the Travel Intelligence Network cites the growth in the need for corporate accommodation as the key driver, with UK businesses registering an 86% increase in the use of serviced apartments in recent years, across cities outside the capital including Reading and York and especially Manchester where demand has increased maassively.
The Savills/ASAP report announced that national operators are set to increase their number of operative units by as much as 122.3% between 2016 and 2017, with the sector as a whole set to grow by 8.4%.
