The most popular hotels among investors are in Madrid

The most popular hotels among investors are in Madrid

While the property market in Spain has continued to decline, Madrid Hotels topped the rating of the most attractive in Europe, compiled by consulting firm Jones Lang LaSalle Hotels.

The world's leading investors were asked the question of what European city is best suited for the purchase or construction of hotels. The responses often referred to Madrid, it was chosen by 89% of respondents. It is followed by Milan (82%), Dublin (78%), Moscow, the Cote d'Azur in France (45%) and Istanbul (38%).

Representatives of Jones Lang LaSalle in Europe are convinced that investing in Madrid hotels promise exceptionally good short-term prospects. And although the overall market situation is quite complicated, it is very similar to the one that has developed not so long ago in Dublin, where investors made an annual profit of about 12%.

Experts of Red Feniks believe that the decline in capitalization rates in the Spanish property is a direct consequence of the increase in confidence in the hotel sector of the market.

If new sources of financing occur, we can expect an improvement in the general state of the market. To date, Madrid Hotels cause the greatest interest from foreign insurers and venture capital funds.