Middle East investors not put off by “Brexit”

March 17, 2016

The possibility of Brexit does not appear to persuade  Middle East investors away  from choosing London as their preferred destination when it comes  to investing in property in the Capital.

A joint survey conducted by estate agency Cluttons and YouGov of 127 high net worth investors from Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait revealed that London was the most preferred city of 196 worldwide locations to invest in real estate.

Around 11 per cent of investors ranked the capital as their top global investment location, followed by New York, with five per cent, and Singapore, with four per cent.

Wealthy Iranian buyers are expected to join the ranks of other Middle East investors and become significant players in the London luxury property market after the lifting of sanctions, according to research. The number of Iranian buyers looking for homes in London over the next two years are expected to  rise by 25 per cent according to Rokstone, an Iranian-owned London estate agent.

The capital’s population is rising rapidly, expected to hit 10m by 2030, and a spate of major infrastructure improvements, including Crossrail 1 and the Thameslink and Northern Line extensions are opening up communities right across London’s emerging neighbourhoods.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Home and Living

How homeowners can fight back against rising energy bills

New research from Yopa warns that millions of homeowners are set to be hit with a 14% jump in energy bills this summer, wiping out recent savings and piling fresh pressure on household finances. In response, Yopa has analysed which home improvements are most effective at reducing energy use, looking at both the typical savings delivered…
Read More →
Breaking News

Homes selling as fast as last year

First time buyers in outer London hit hardest as higher borrowing costs and  high stamp duty costs weigh on sales times   The average time to sell a home is just 1 day longer than last year at 33 days, despite higher mortgage rates and 2 months of conflict in the Middle East However, areas…
Read More →
Estate Agent Talk

How to Pick the Ideal Utilities for your Business

Sorting out utilities might not be the most exciting part of running a business, but it is one of those things that quietly affects everything else. Whether it is your electricity, gas, water or internet, these services keep your business moving day to day. Getting them right can help you stay in control of costs…
Read More →
Letting Agent Talk

Advice for London landlords and tenants ahead of the Renters’ Rights Act implementation

Phase one of the Renters’ Rights Act (RRA) comes into force on 1 May 2026, and with it brings about the most significant overhaul of the private rental sector in a generation. While the Act will see new responsibilities introduced, it will also offer an opportunity for landlords to strengthen their practices with a clear…
Read More →
Estate Agent Talk

Budget-friendly ways to boost your chances of a successful spring house sale

With many households feeling the pressure of changing global economic conditions, tighter finances, and the high costs associated with moving, such as Stamp Duty, legal fees and removals, selling a home can currently feel like challenge. At the same time, spring traditionally brings a surge in buyer activity. Longer days and better weather tend to encourage more viewings,…
Read More →
Letting Agent Talk

Expert Reacts To Renters’ Rights Act Ahead of Changes This Week

The Renters’ Rights Act comes into force this week (1st May), introducing major reforms to tenancy structures, eviction rules, and tenant protections across England. The changes will reshape how landlords manage properties and how tenants experience private renting, with significant implications for student private rentals and the wider rental market. Ahead of implementation, Owen Dixon,…
Read More →