The asset manager Catella’s latest Market Tracker, “The market for serviced apartments in Germany and Europe”, shows that there has been widespread investor demand in recent years, and transaction volumes in Germany have increased accordingly, with a record year for transactions at around €235m expected this year.

The Tracker reports a European pipeline of 10,500 units, 3,500 of which are in Germany, and the country ranks second with national and international investors ahead of Switzerland and Ireland.The share of serviced apartments in the hotel market is predicted to rise to 10% by 2030, along with co-working.

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