26 Feb 2013 UK hotel investment market remains Europe's 'most liquid' BY Tom Walker |
The UK remains the most liquid hotel investment market in Western Europe, according to international property adviser BNP Paribas Real Estate. With 6bn euro (£5.2bn) invested during 2012, the hotel investment volume in France, Germany, Italy, Spain and the UK suffered a combined 5 per cent drop compared to the previous year. Looking ahead, Paribas predicts 2013 to see a similar reduction in overall volume. In a declining market, the UK continued to dominate the hotel investment market at 41 per cent of overall investment amongst the top-five markets. Hotel investment volume in the UK totaled 2.5bn euro (£2.2bn) in 2012. The UK's regional market activity remained quiet, so London stayed the main target of investors, in particular overseas investors. Cash-rich investors continue to focus on prime assets regardless of their high cost per key and low yields. Close Window |