Serviced Apartments: What Their Increasing Demand Means For Investors
Lately, you must’ve heard the term ‘serviced apartments’ being thrown around a lot. Headlines raving about the increasing demand of serviced apartments are bound to evoke curiosity. And quite frankly, a few questions too – What are they? Why are they so popular? Should I consider investing in them? These are all great questions, and very valid too. In this blog, we’ll attempt to answer all of the above so you get a clear picture of the investment possibilities of serviced apartments. What are serviced apartments? First, let’s start off with the basics. It’s easy to simplify serviced apartments as commercial spaces for rent , but they are a lot more than that. A serviced apartment is a fully-furnished apartment that can be rented out for short-term or long-term stays. Think of them as a fusion of hotels & apartments. A place where you can stay temporarily, except it has a kitchenette, a laundry area and other amenities you expect at home. Typically, they are either studios or 1...