UK Real Estate Developer Offers Advice to GCC Investors in London
A study conducted by Barratt London has pinpointed crucial considerations for GCC investors in the London real estate market and emphasized on the importance of transport connections and access to green areas.
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In a study carried out by Barratt London and executed by YouGov, involving a survey of 1,000 adults, key considerations for selecting a property location in London were uncovered, offering essential advice for GCC investors looking at the UK’s capital for real estate opportunities.
The research highlighted the significance of being near London’s comprehensive transport network as a primary concern for all age groups, followed by the necessity of easy access to local amenities. This includes proximity to shops, leisure centers, and dining establishments, with 64 percent of participants stressing this point.
Investment Insights for GCC Buyers in London
Accessibility to parks and natural environments was also a high priority, with half of the respondents deeming it a vital consideration.
Opinions were split regarding the preferred zones within London, with Zone 3 being the most popular (14 percent), closely followed by Zone 2 (13 percent), and then Zone 5 (11 percent).
Notably, the survey indicated a connection between age and preferred location, with individuals aged 18-44 favoring Zones 2 and 3. In contrast, the 45+ age group showed a preference for Zones 4 and 5, offering a quieter environment away from the city’s central areas.
Stuart Leslie, Barratt London’s International Sales and Marketing Director, commented on the findings, underlining the adventurous nature of investing in foreign real estate markets. He pointed out that the survey reveals critical considerations that are essential for GCC investors embarking on the London real estate market. Amond these considerations are the accessibility to transportation links, the convenience of local amenities, and the presence of green spaces, all of which are pivotal for making informed investment decisions in the capital’s property market.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year
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Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.
Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.
Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.
“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”
The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.
In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.
Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
