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Choosing the right location is paramount when considering an investment opportunity in serviced accommodations. At Pluxa Property, we emphasise the significance of this decision. Our recommended areas to include: London, Birmingham, Manchester, Leeds, and Liverpool, offer diverse opportunities for investors seeking high returns and long-term growth.
Factors to Consider
Key factors to consider when selecting a location include:
• Proximity to transportation hubs, such as airports and train stations
• Ensuring ease of access for both business and leisure travellers
• Assessing the local demand for accommodations, whether driven by tourism, corporate travel, or educational institutions, is essential for sustained occupancy rates and profitability
Of equal importance are factors like economic stability, employment opportunities, and infrastructure development which all play pivotal roles in determining the viability of an investment location
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In cities such as London and Manchester, vibrant economies and thriving business sectors contribute to a steady stream of visitors, making them attractive options for serviced accommodations. Similarly, areas with a burgeoning tech industry, like Birmingham and Leeds, present lucrative investment prospects due to the influx of business travellers and professionals attending conferences and meetings.
Pluxa Property meticulously analyses these factors, so investors can make informed decisions that maximise the potential returns of their serviced accommodation investments.
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