• Serviced apartments boom

Demand for serviced apartments in key European cities is booming, while supply is low. The shortage should drive the sector to expand by more than 50% in the next two years, predicts agent Savills.

Brands Ascott, Frasers and StayCity are all expanding, in a move that should increase the sector’s appeal to investors. Serviced apartments are increasingly appealing to short stay guests, in addition to the traditional longer term corporate market.

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