Sales figures improve in tourism property

A NEWLY released market report has shown an increase in property trading within the Scottish and UK hotel market.

The 12 month report from Colliers International revealed an increase of 28% in UK hotel transactions from July last year.?

Colliers say the improvement is as a result of the increased demand from private and corporate buyers looking to invest in UK hotels, with the company trading on hotels and hospitality businesses in excess of £150 million.

Their report predicted an increase in the number of hotel sales transactions in Scotland down to improved availability of funding and a continued acceptance of the market situation.

The improvement north of the border was also attributed to a surge in interest in the country and tourism brought on by the Commonwealth Games and Ryder Cup next year.

That has seen a surge in hotel development, with improved investor confidence.

Category: News