Brexit causes 200% uptick in UK property enquiries by GCC investors
Ever since the historic Brexit vote, property firm Select Property has reportedly seen a 200 percent increase in enquiries about UK real estate from investors based in the GCC (Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman).
According to global financial advisory firm deVere, there was a 60 percent month-on-month increase in interest for British real estate among investors in the GCC earlier this year. A majority of the enquiries that deVere receives from international investors are made by investors in the United Arab Emirates and Qatar.
Last month Tim Fox, Chief Economist at Emirates NBD, noted that “GCC investments into the UK may begin to look much more attractive considering the exceptionally weak sterling levels that might be seen, representing something of a once in a life time opportunity to purchase UK assets”.
Between March 2015 and March 2016, investors in UK real estate saw average monthly returns rise by 3 percent. Over this period, UK real estate values rose by an average of 7 percent.
GCC investors seeking steady returns in a familiar market with transparent regulations and political stability continue to see the UK as a viable investment destination, despite the turbulence caused by Brexit.
Naseba has spent over a decade building a network of contacts with investors based around the world – including the United Arab Emirates and Qatar. We are currently sourcing real estate and development projects in the UK and elsewhere in Europe on behalf of these investors.
On October 17th, 2016, we will be organising a private investor meeting in Riyadh to introduce pre-screened Middle Eastern investors to pre-qualified real estate investment opportunities from the UK and elsewhere in Europe.
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To learn more, contact:
Naseba investor introduction
+971 4 455 7954