{"id":17164,"date":"2016-06-21T00:33:51","date_gmt":"2016-06-20T17:33:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=17164"},"modified":"2016-06-20T22:41:54","modified_gmt":"2016-06-20T15:41:54","slug":"quarter-of-gulf-investors-wont-use-properties-abroad","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-gulf-investors-wont-use-properties-abroad\/","title":{"rendered":"Quarter of Gulf investors won't use properties abroad"},"content":{"rendered":"


\nA quarter of all Gulf investors buying property overseas are targeting “buy-to-leave” homes that they don’t intend to live in or let out, brokers have said.According to data compiled by property brokers Cluttons and polling company YouGov, 26 per cent of 127 high-net-worth investors from the Middle East looking to buy property over the coming year said they plan to neither use it as a main property or lease it out.Instead, investors said they planned to use their new property as a “second residence”, many of which are unlikely to be lived in at all.One in four respondents said they were purely motivated by capital gains and were hoping to cash in on London house prices that have skyrocketed by 70 per cent over the past seven years.”Our research confirms the sentiments of many that London is perceived to be lined with gold bricks, with the residential returns outperforming mediocre stock and bond markets in recent years,” said Faisal Durrani, the head of research at Cluttons.”This lock-up and leave attitude has been a political hot topic and often cited as a main driver of rising values and diminishing affordable stock.”A third of respondents said that their local economies were worsening or destabilising, which has fuelled a desire to look for investment opportunities abroad.More than half of those surveyed (55 per cent) said that they already had an international property portfolio and 17 per cent named London as their preferred choice from 196 global destinations.Moreover, 63 per cent said that they were likely to invest in their preferred location this year.According to Cluttons, house prices in prime central London increased by 4.6 per cent in the 12 months to the end of the first quarter this year, while residential yields averaged 3.7 per cent.The broker predicts cumulative capital growth throughout the next five years will reach 19.1 per cent.lbarnard@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Quarter of Gulf investors won’t use properties abroad<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A quarter of all Gulf investors buying property overseas are targeting “buy-to-leave” homes that they...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17164","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4sQ","jetpack-related-posts":[{"id":25085,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-developers-at-cityscape-hope-lower-pound-will-restore-interest-after-brexit-vote\/","url_meta":{"origin":17164,"position":0},"title":"UK developers at Cityscape hope lower pound will restore interest after Brexit vote","date":"September 5, 2016","format":false,"excerpt":"\r British property developers will be hoping the weak pound will attract investment into the sector as the Cityscape Global exhibition gets under way.More than a dozen property brokers and developers from the UK have taken space at the Dubai property show this year, including new entrants Stanhope, which is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23457,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-investors-maintain-interest-in-turkish-property-despite-turmoil\/","url_meta":{"origin":17164,"position":1},"title":"Gulf investors maintain interest in Turkish property despite turmoil","date":"August 20, 2016","format":false,"excerpt":"\r Gulf property investors are likely to remain unfazed by the security concerns in Turkey, thanks to their tolerance for risk and the country's eco\u00adnomic pot\u00adential.Despite fears of a second coup attempt coupled with a recent intensifying of violent attacks from Kurdish PKK militants, property brokers say that interest from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-pound-creates-bargain-london-property-deals-for-gulf-buyers\/","url_meta":{"origin":17164,"position":2},"title":"Weak pound creates bargain London property deals for Gulf buyers","date":"August 4, 2016","format":false,"excerpt":"\r Arabian Gulf property investors have begun bargain hunting among London's most exclusive addresses as prices tumble.House prices in some of the parts of London most popular with GCC investors have suffered their biggest annual falls in nearly seven years.Average prices in the London district of Knightsbridge fell 7.3 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-property-market-in-the-minds-of-gulfs-high-net-worth-investors\/","url_meta":{"origin":17164,"position":3},"title":"Dubai property market 'in the minds' of Gulf's high net worth investors","date":"August 30, 2016","format":false,"excerpt":"\r High net worth investors from the Gulf are most likely to invest their money in Dubai next year, as opposed to London or other international markets, according to Cluttons.Speaking at the launch of the third part of its Middle East Private Capital survey, the firm's head of research, Faisal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18884,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-address-still-desirable-for-gulf-investors-despite-brexit\/","url_meta":{"origin":17164,"position":4},"title":"London address still desirable for Gulf investors despite Brexit","date":"July 6, 2016","format":false,"excerpt":"\r LONDON \/\/ Markets hate uncertainty. But for the brave, uncertain markets are a golden opportunity.Two weeks after the UK's historic vote to cut ties with the EU, there are quite a few overseas investors who are considering that now might be an ideal time to buy that sought-after second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-house-market-returns-to-tempt-international-buyers\/","url_meta":{"origin":17164,"position":5},"title":"London house market returns to tempt international buyers","date":"February 28, 2017","format":false,"excerpt":"\r London's prime housing market could be starting to bottom out after two years of house price falls as a slump in the value of sterling and big discounts from sellers tempt international investors back into the market, property brokers say. According to JLL, a better-than-expected economic performance in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17164"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=17164"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=17164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=17164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=17164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}