International investing in Mediterranean resort and hotel real estate
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Loading... - Lucy Mccann
- 17 Oct 2021
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Tranio announced the exclusive release of a joint report conducted as a collaborative project between Tranio and MR&H with the aim to explore international investors sentiment in the Mediterranean resort and hotel real estate market.
They analysed the responses of more than 60 participants over the period of one month. The survey was taken by real estate agents, investors, developers and industry experts in the region, all partners of Tranio and MR&H.
Key findings from the report:
-The majority of respondents (86%) note that the activity of international investors is increasing in the region
-Spain, Greece and Italy top the ranking as the most attractive countries for investors
-The main factors contributing to a country’s popularity among investors area stable economy and low bank charges (Spain, Italy, France), residency or citizenship by investment programmes (Spain, Portugal, Cyprus), and a growing market with high yield prospects(Greece).
-55% of the respondents named the Cyclades Islands: Tyr? (Santorini), Mykonos and Paros as the most popular locations among investors in Greece
-39% of the respondentsbelieve that the Costa del Sol and other locations on the Andalusian coastline (Malaga, Marbella, Benalmadena, Torremolinos, Fuengirola) are particularly attractive
-3/4star hotels and resorts are the most popular investment types among international investors
-The two main motivations for investing in hotel real estate are for personal use (as holiday/second homes), as well as portfolio diversification of investors
-72% of respondents believe that an investment in hotel real estate in the Mediterranean becomes unprofitable because of ineffective asset management.
