The transaction volume on the hotel market in Austria was 270 million euros last year, well below the average of the past ten years. For comparison: In the peak year of 2019 it was more than 1.2 billion euros. This emerges from an analysis by the consultant Christie & Co, which specializes in hotel properties.
“The situation is still tense and the reluctance of investors is still very noticeable,” says Simon Kronberger, responsible for the Austrian market at Christie & Co. High interest rates and stricter credit requirements are the reasons for this. The shift in the buyer profile is noticeable. In the previous year, 58 percent of all transactions – measured by volume – were carried out by operators themselves, after 17 percent in the previous year. The rest came from institutional investors, real estate companies and other investors.
59 percent of buyers came from Austria. 19 percent came from Germany, ten percent each from the Middle East and Great Britain. The rest went to other investors.
Two thirds of all transactions on the hotel market took place in Vienna.
My themes
For your saved topics were
new articles found.
info By clicking on the icon you can add the keyword to your topics.
info
By clicking on the icon you open your “my topics” page. They have of 15 keywords saved and would have to remove keywords.
info By clicking on the icon you can remove the keyword from your topics.
Add the topic to your topics.
Source: Nachrichten
