Middle East investors put money in London’s real estate
Middle East investors continue to seek assets in London despite speculations continuing around a potential “Hard Brexit” or “no Brexit”.
This was evidenced in Knight Frank’s Wealth Report 2019 which found that UHNWIs from strengthening dollar-pegged exchange rates against a weakening sterling.
In the Middle East, 74 percent of UHNWIs own a second home abroad, which is higher than any other region in the world.
55 percent of them are also looking to make foreign investments, with the UK real estate still the top choice.