In the last decade destinations such as Madrid, Barcelona and the archipelagos have experienced growth of 30% in the number of travelers. But the slowdown also looks to the travel industry. Gil agrees that “it will affect the tourism sector,” but estimates point to a slow landing, also for the hotel sector. For this course, May 2019 calendar Template predicts that the value per room will improve by 5% in five-star hotels and around 2% in the three- and four-star categories. The report also analyzes the investment needed to build a hotel, an indicator that measures the cost of material execution per room including fees and expenses and discounting the value of the land. And it emphasizes that this variable remains stagnant in the last years. “The evolution of average rates and occupancy has increased the valuation of real estate above what the replacement cost has done, thus increasing the profitability of the investment,” says Rafael Gil.
May 2019 calendar Template
In this context of momentum, a recent report by the consultancy Christie & Co estimated the volume of hotel investment in Spain at 4,860 million in 2018. A record figure surpassed only by the United Kingdom (close to 7,500 million). The hotel sector is on the international investment radar, but for the director of the Studies Services of Tinsa, «the differentiation and specialization of the offer will be key in the coming times to compete internally and externally, as well as to maximize the profitability of some assets that continue far from maximum values of the past decade.
“The Mortgage Law has passed this Thursday for its last parliamentary procedure before being published in the May 2019 calendar Template with the relevant modifications. As of the forthcoming entry into force of this new regulation, the client will only have to pay the appraisal and the remaining expenses -writing, agency, notarial tariff and the tax of Documented Legal Acts- must be paid by the banks. Of all these items, the tax is the one that has a higher cost since it can range from 1,500 euros to 6,000 euros depending on the amount borrowed and the community where the home is located.