The ‘Serviced Apartment’ business model is a relatively ‘new’ model (although we were doing these around 12 years ago before AirBnB).
The issue is that they’re being marketed as the latest and greatest way to get into property. And whilst I would agree they are a business model that can generate a lot of cash quickly, I have concerns over the longevity of this business model.
More so because recently in London, they have been given a maximum of 90 days lettings only.
Take a listen and see what you think.
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