MUNICH IS A POPULAR CITY NOT ONLY AMONG TOURISTS AND BEER LOVERS.
Christmas markets of fabulous beauty, the proximity of the Alps, medical institutions, famous and visited exhibitions – all this attracts guests to the capital of Bavaria. The purpose of the visit also affects the length of stay. And it becomes difficult for many to rent a hotel in the famous metropolis: demand creates supply, often very expensive. Residents of Munich, who until recently rented their housing for a short period of time to tourists and guests of the city, faced a serious problem – fines for such use of the housing stock currently exceed 500,000 euros. Therefore, Boarding House is a good solution for many.
WHAT IS BOARDING HOUSE?
Boarding House are serviced apartments, furnished like a hotel.
The difference from hotels and boarding houses is that a stay in Boarding House apartments can last from one day to six months. In Germany, these apartments are considered as a temporary home for those who come on business, to visit certain projects, exhibitions, for treatment or training. The cost of staying in such apartments is much lower than in hotels.
Boarding Houses are located in convenient places in Munich, equipped with everything you need. The apartments can be very small in size, but always comfortable, fully furnished, they can be large, designed for several people.
About 2,000 Boarding House apartments are currently in the planning stage for short-term rentals.
INVESTMENT PROJECT BOARDING HOUSE “MY ROOM”.
One of the objects under construction is the Boarding House “My Room” on the territory of the exhibition complex in the Rome district.
Those who visit exhibitions in Munich know this area very well: 240 days a year, world-class exhibitions such as Bauma, Espo Real, ISPO, IFAT, Laser World of Photonics, Transport Logistic, etc. take place here. For those who come to work at exhibitions, living within walking distance from their place of work for reasonable money is a gift.
The Boarding House idea is very convenient and practical. Those who invest their capital in apartments of this type can be sure that such a business in Munich will undoubtedly bring profit. Rendits for investors will be from 4% to 7%.