Investment and development prospects in serviced apartments in Europe 2018-2024
Multiple aspects can impact how and where investment is carried out. In 2023, real estate industry experts identified the construction costs, capex requirements, and the environmental sustainability/decarbonization requirements as the leading issues facing the industry in 2024. Despite the challenges, the investment and development prospects for serviced apartments are expected to improve in 2024.
Prospects for serviced apartments
The investment prospects for serviced apartments scored 4.04 in 2024, with one being very poor and five being excellent. The development prospects were slightly lower at 3.92. The sectors with highest prospect scores in 2024 were new energy infrastructure, data centers, and healthcare.Â
Cities with higher prospects
In the beginning of 2021, the United Kingdom, Germany, and France were the top three countries in Europe by total value of commercial real estate investment. Investors’ interest seems to keep going, as London, Paris, and Berlin scored highest at real estate investment and development prospects with 2.15 points, 1.72 and 1.69 respectively in 2023.