London real estate to benefit from pent-up Gulf demand

SourceArabian Business
SectorReal Estate
CountryGulf

A leading London property expert is predicting a rush in demand from GCC investors once travel restrictions to the UK capital are lifted. And Andrew Jones, international director at Battersea Power Station Development Company, told Arabian Business the appetite of Gulf investors remains as strong as ever, despite the twin shocks of coronavirus and the UK’s protracted exit from the European Union. He said: “I sense that, post-Ramadan, when I think things will hopefully be a lot clearer and a lot more open, we will see a significant number of people from the Gulf coming over. They’ve missed out for a year and are frustrated. I've just been on the phone this morning to a couple of my clients in Saudi and they're saying, Andrew, we can't wait to see you in June or July.” UK offers strong real estate growth for Middle Eastern investors following EU deal, according to experts The £9 billion ($12.6bn) Battersea Power Station development in central London is almost...read more...