UK is key investment destination for 90% Saudi investors
Going beyond typical UK investments, the Saudi investors have shown a surge in interest for high-end, branded residences.
Riyadh: A recent survey by leading property developer Select Property revealed that 73% of Saudi Arabia's investors are eyeing lucrative opportunities in the UK. This trend coincides with projections of a robust $3.2 billion in total investment from the GCC region reaching the UK in 2024. The UK's growing affordability, coupled with its established reputation as a reliable and diverse investment market, is fueling this significant shift in investor focus.
Manchester and Birmingham: Top picks for investors
The survey also indicates that 75% of KSA investors favour cities like Manchester and Birmingham. These cities are projected to witness impressive price growth, with estimates reaching 19.2% and 19.3% respectively.
While the average rental increase nationwide stands at 11.1%, key English cities like Manchester, Birmingham, and Bristol are poised for annual rental growth rates of 18% through 20275. These cities benefit from significant regeneration efforts, expanding job markets, and strong rental demand.
Stable returns attract investors
Investors from the GCC region are recognizing the UK's potential for both stable returns and diversification of their portfolios. This sentiment is echoed by Adam Price, CEO of Select Property, who highlights the ability of KSA investors to spread risk and tap into reliable growth opportunities within the UK market.
Adam Price further commented, "We've already witnessed a surge in investor interest following the recent launch of the Electronic Travel Authorization4, further solidifying GCC investors as integral to the resilience and attractiveness of the UK real estate market. Over the past two decades, Select Property has facilitated access to high-quality UK real estate assets for savvy investors, and we look forward to leveraging our expertise to continue providing tailored investment solutions that align with the preferences of investors in Saudi Arabia and the wider GCC."
Key findings of the survey:
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65% of KSA investors prioritize real estate as their preferred investment strategy.
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Nearly 90% of KSA investors view the UK as their top investment destination.
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85% of KSA investors express growing confidence in the UK's real estate sector.
Electronic Travel Authorization
The recent launch of the Electronic Travel Authorization has further fueled investor interest from the GCC region. This streamlined process is expected to solidify the role of GCC investors in the UK real estate market.
VIP investor event
To further engage with potential investors, Select Property will be hosting a summer VIP event launch at the Mandarin Oriental Hotel in London on July 25th. This event is expected to attract significant interest and showcase the UK's appeal as a prime investment destination.
Select Property: A trusted partner for global investors
Since 2004, Select Property has established itself as a leader in developing high-quality branded residences in key UK cities. The company has witnessed a surge in interest from Saudi Arabian investors, particularly in luxury branded residences. Their portfolio includes renowned brands like Affinity Living, CitySuites, The Prestige Collection, and One Port Street, all of which have garnered significant attention from international clients.