In a country where 20 per cent of households live in private rented accommodation, the British Property Federation (BPF) has reported that only 62,000 dedicated rental properties have been built, with a further 39,500 dwellings under construction (BPF, Q2 2021).
David Hossack, head of the UK Hotels Valuation team at Colliers, explains why the role of a hotels valuer requires not only expertise as a chartered surveyor, but also the skills of a detective, an accountant and even a social worker.
Around GBP2.6 billion was invested into UK commercial property in May, a slight decrease on the previous month, but more than twice the corresponding 2020 figure of GBP1.2 billion, according to Colliers.
UK hoteliers will get a once in a lifetime opportunity this summer as lockdown-weary Britons unable to holiday abroad instead treat themselves with luxury staycations that could help bring a £22 billion boost to domestic tourism.
Leading London property investment company, LabTech, advised by Colliers and CBRE, has announced the signing of 10 F&B brands covering over 5,000 sq ft at Hawley Wharf Camden
The clock is ticking down to another disaster for the hospitality industry – I’m not talking about another wave of COVID-19, but the end of the rent moratorium.
It is no secret that London’s vacancy rates have risen throughout the pandemic, and levels in the West End are now at 6.9 per cent compared to 4 per cent in Q1 2020.
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