Brexit 'clarity' brings Middle East demand for London real estate - Arabianbusiness:
As the uncertainty over Brexit clears somewhat, following the United Kingdom’s official departure from the European Union on February 1, UAE buyers are already setting their sights on London’s real estate market.
According to the latest London Market Update from Dubai-based real estate outfit Core, the election of Boris Johnson as prime minister, followed by confirmation that Britain has left the EU, has been met with renewed optimism from Middle East investors.
The report said: “We are witnessing a rise in enquiries for prime central London properties from UAE buyers who have until now awaited clarity on Brexit.”
Latest data from LonRes shows Q4 2019 transaction volumes increased 34 percent year-on-year, with a particular spike at the upper end of the market - £5m-plus ($6.6m) transactions were up by 78 percent.
No comments:
Post a Comment