The investment in the European housing market in the hotel sector has reached 23 billion euros in the last 12 months, according to the CBRE’ latest study. Portugal recorded a notable growth in this period with an investment of 400 million euros in the hotel sector, quadrupling the value recorded in the homologous period.
The investment achieved in the first quarter of 2019 was leveraged by continued growth in the UK, Spain and Germany. In the United Kingdom, the hotel sector’s investment accounted 35.5% of the capital invested in the region in the last 12 months, reaching a total of 8,2 billion, an increase of 15.1% over the period homologous. This growth was mainly due to a particularly strong start in 2019, with the first quarter of the year registering an increase of 24.5% over the same period last year.
Spain remains the second largest European investment market in the hotel sector since the third quarter of 2018. In the last 12 months turnover was 4.2 billion, overcoming in 17.5% the previous year. Germany has seen a moderate increase in the volume of transactions, achieving a total of 3.9 billion in the last 12 months, 7.1% more than in the previous year, representing 17% of total European investment.
In France, the investment in the hotel sector added 1.3 billion in the last 12 months. Although it represents a decline of 6% compared to last year, this value allowed France to become the fourth largest European market. Other notable increases were recorded in the Czech Republic (561%), Portugal (346%) and Switzerland (209%).