Category: CitySuites

20% increase in serviced apartment usage year-on-year

20% increase in serviced apartment usage year-on-year

Serviced apartments are continuing to gain popularity over alternative accommodation for business travellers. Summary: Corporate buyers’ use of serviced apartments has increased year-on-year, with almost 40% using them more in 2016 than 2015 With overseas assignments growing by 25% in the past ten years, demand by business travellers for serviced apartments continues to increase London,… Read more »

Salford Councillors Visit Citysuites As High-End Business Traveller Accommodation Nears Completion

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Select Property Group has marked the ‘topping out’ milestone of CitySuites, its 17 storey, luxury serviced apartment development on Chapel Street, with Councillor Mashiter and Councillor Antrobus from Salford City Council visiting the scheme to celebrate the occasion. Featuring 237 apartments in a range of studio, one and two-bedroom designs, CitySuites is a new concept… Read more »

80% rise in serviced apartment numbers since 2009

80% rise in serviced apartment numbers since 2009

Surge for serviced apartments is exceeding supply across the world, with the sector presenting “long-term rewards” for investors. Summary: Global serviced apartment numbers have exploded by 80% over the last seven years Supply of short-term accommodation is not meeting demand in many regions including Asia and Europe Investing in the serviced apartment sector holds many… Read more »

60% surge in GCC investors buying UK property

60% surge in GCC investors buying UK property

Leading financial advisory firm reports month-on-month uplift in enquiries from investors in the UAE and Qatar for British real estate. Summary: In January there was a 60% month-on-month rise in interest from investors based in the UAE and Qatar 45% of all enquiries in UK property from international investors at one of the world’s largest… Read more »

Will 2016 be the year of serviced apartment investment?

Will 2016 be the year of serviced apartment investment?

As UK companies report an ‘86% increase in the use of serviced apartments’, are we about to see the rapid growth of the accommodation sector? Summary: Serviced apartments will see a 122.3% uplift in the number of UK units over the next two years British companies have registered an ‘86% increase in the use of… Read more »