Over £2bn invested into UK hotels sector in H1 2017

Over £2bn invested into UK hotels sector in H1 2017

Todays other news
It’s the latest market analysis by Zoopla...
London rents have risen 50% since 2020 says Knight Frank...
The watchdog is the Office for Budget Responsibility...
Hamptons is part of the Connells Group in the UK...


More than £2bn was invested into the UK hotel market in the first half of the year, according to the latest figures from Savills.

The company projects that levels will hit £5.1bn for the full year, up 28% on total 2016 volumes of £4bn.

Savills report that the hotel investment market in H1 2017 was fuelled primarily by London and individual sales as overseas investors continue to demonstrate considerable appetite for the sector.

London remains the largest market, accounting for 55% of transactions by value, which equates to around £1.1bn.

Individual sales accounted for 92% of transactions by value, or £1.834bn, however a number of high profile portfolios are expected to come to the market in the second half of the year.

Overseas investors have been particularly active with an appetite for big ticket lots, accounting for £1.2bn in the first half of the year in comparison to the £822m transacted by domestic investors.

Martin Rogers, head of UK hotel transactions at Savills, commented: “The UK hotel market has had a strong start to the year as the sector remains resilient to the headwinds of the last six months. The favourable exchange rate has attracted overseas buyers that are looking for stable, long term income. The anticipation of a softer Brexit will provide further comfort, encouraging development and relieving pressure on staffing.”

 

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
We wish all Property Investor Today readers a successful 2025....
Property Investor Today is taking a short break...
The cottage just on the market is next to one...
A survey by Zoopla has revealed that buyers - whether...
Spain’s draconian new tax is already spooking British investors...
The current controls come to an end on March 31...
Recommended for you
Latest Features
It’s the latest market analysis by Zoopla...
London rents have risen 50% since 2020 says Knight Frank...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here