Here's why Middle East investors are buying UK properties | ZAWYA MENA Edition

Here's why Middle East investors are buying UK properties | ZAWYA MENA Edition:

More and more Middle East investors are being drawn to the UK market with a strong interest in central and outer London areas, real estate consultancy firm Knight Frank said.

“We continue to see strong interest in central and outer London areas. Country houses with easy access into London have appeal as second homes, however, central London is where we see the most frequent demand for investment,” Henry Faun, Head of London International Project Sales at Knight Frank Middle East told Zawya.

Regional investors were ranked in the third place in buyer rankings, for snapping country houses of more than £5 million ($6.45 million), the global real estate consultant said, noting that UK and European buyers maintained their positions in first and second place.

In 2019, the market share of Middle East investors in the £5 million-plus sector went up three times compared to 2018.