Will Gulf investors be put off by London property price rises?

  • Date: 18-Sep-2020
  • Source: Arabian Business
  • Sector:Real Estate
  • Country:Gulf
  • Who else needs to know?

Will Gulf investors be put off by London property price rises?

Gulf-based property investors are unlikely to avoid the London real estate market, one of their favourites, as prices jump in the UK capital, experts have said.

Average prices in prime London property markets climbed by 0.3 percent in August – the highest jump in five years, according to global property firm Knight Frank.

But Tom Bill, head of UK residential research at Knight Frank, told Arabian Business that rising prices in prime central London (PCL) are unlikely to dissuade Gulf buyers.



“I don't think the rising prices will put investors off the bigger picture,” Bill said.

Following a five-year spell of PCL prices being depressed by up to 20 percent, Knight Frank recently predicted PCL capital growth of 17 percent by 2024.

“At the moment, prices are turning the corner,” Bill added. “Over