In an era of rising debt costs, growing government deficits, and political turbulence in major European nations like France and Germany, Switzerland stands out as a refuge, according to global property consultant Knight Frank.
According to the annual European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS, hotel values across Europe remained steady in 2023 buoyed by the consolidation of the post-pandemic recovery and a steady desire to travel keeping average room rates strong.
Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point.
According to ING, high interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe.