Maisam Fazal, Chief Commercial Officer at Al Rayan Bank, had the following to say:
‘UK property is the darling of GCC investor portfolios […] and despite a challenging period for the market, investors know they can rely on the UK’s stable currency, growing demand for housing, rising rental incomes, transparent legal system and its established network of skilled property professionals, which make buying and owning property in the UK a profitable and headache-free experience.
‘This is an auspicious time for those with assets to deploy in the UK property market, and coupled with those from the GCC considering Britain as a second home, I’d expect this trend to continue.’
The founder of the MCR Property Group, Aneel Mussarat, said:
‘There is undoubtedly a bias towards the UK among GCC investors because of the long-standing relationships that exist with developers and agents across the market, the absence of any language barriers and the surplus demand and strong rental growth that we continue to see.
‘London remains the primary focus, but investors are increasingly willing to look further afield. The regeneration that continues apace across the UK’s regions is creating more attractive investment opportunities for GCC investors, and we’re seeing this reflected in our own portfolio.’
Learn more about the market with our UK Property Investment Strategy guide!
