Serviced Apartments: Growing demand and high returns

First survey of Austria Real under operators of Serviced Apartments shows high growth rates and rising investment intentions.

Vienna (OTS/LCG) – Around 2,500 Serviced Apartments, professional operators are available in Austria. This is fully furnished residential units, which always have a fully-equipped kitchen or Kitchenette and hotel-like services such as cleaning or Laundry service. For the first time, the real estate Boutique Austria Real Vera scale, specialized in hotel and tourism objects sought, this segment of the market in Austria in a survey among the providers, the on the 13. Year forum hotel property in Vienna is presented.

Better prices for guests and higher returns for investors

Investors in Serviced Apartments for an average return of 7.8 percent. It is significantly higher than the revenue opportunities of a hotel lease, or rental yields for residential real estate. The operating result also is significantly better than comparable 4 – and 5-star Hotels in the urban area. Lower personnel costs, fewer vacancies and a more optimal use of space have a positive effect on the result, although the number of overnight stays significantly below the cost of hotel tariffs. Guests benefit from a 25 percent lower price with a similar comfort and very Central location.

„Almost all of the owners of the Serviced Apartments will invest in the next one to three years, in additional objects of this type, in order to benefit from the strong demand. In contrast to the controversial Airbnb-renting, the renting of Serviced Apartments will only be done with an upright business license for tourist accommodation. If all of the leased premises to include operation of the beginning to such an enterprise, it is a worthwhile investment, thanks to the growing tourism industry in Austria,“ Austria-Real-owner Vera scale.

Three-quarters of the respondents to give ten percent-growing demand in recent years. Approximately 25 percent of the interviewed operators have even seen a significantly higher growth in the past. Accordingly, it is also having a positive Outlook: 60 per cent of the survey is designed, participants can expect in the next few years to at least ten percent of the growing demand, the figures also the growth in tourism in Austria, explains. 20 percent estimate future growth in the range of five to ten percent. A further 20 per cent of a stagnating development.

About Austria Real

Austria Real is the real estate Boutique with an international focus and specialization in luxury, Hotel and healthcare real estate. The advice and mediation of care for real estate is combined in the new brand „Cared Living“ ([http://www.caredliving.com] (http://www.caredliving.com)). In the six year history of the company founder, Vera scale can continue to expand the real estate Boutique to a leading brokerage firm. It contends, among other things, on the IMH of the year, the forum hotel property in Vienna and MIPIM in Cannes (France), the world’s largest real estate trade fair, to specialized topics with a focus on the hospitality and commercial real estate Investments in the EU. For more information on [http://www.austriareal.com] (http://www.austriareal.com).

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