When you think of investing in property, we naturally think of a house, on a buy to let mortgage, where you can generate a rental income of say £650pcm. Have you ever considered how this income can be increased at no expense? Keep reading......
These are pretty standard in the buy-to-let world, but what many investors are coming to realise is that there are a host of new, emerging opportunities.
Chief among these is the growing demand for serviced apartments. Younger generations are driving change in the world of short to medium-term accommodation.
The days of hotels with little more than twin beds and a kettle are dwindling. Now people want the professional service of a hotel and the home comforts of, well… a home.
It’s no wonder then that the popularity of serviced apartments, which provide the best of both worlds, has risen drastically in recent years.
So, we know that serviced apartments are great for users, but are they a good deal for investors? Well, if you’re pressed for time and want the short answer:
If, on the other hand, you want to know why serviced apartments are a good investment, see the detail below....