Middle East investors not put off by “Brexit”
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.
You May Also Enjoy
First-time buyer enquiries fall 27% as borrowing costs rise
Homes completing on Friday the 13th sell for less
Surrey, Herts & Bucks named most exclusive markets
Friday the 13th spooks home-movers
Section 21 reform divides landlords and tenants
