By Staff writer
Survey shows that a large number of investors are now switching away from Dubai for long term security
A new property survey shows investors from the UAE, particularly Dubai, are one of the largest groups of overseas nationals buying low-cost investment property in the UK outside London.
The Find UK Property survey shows that buyers from the UAE now account for over 18 percent of such property sales to overseas investors.
According to the survey, conducted in early January 2015, some of the investors have already bought property in Dubai, but a large number are now switching away from the emirate to invest in low-cost buy-to-let UK investment property for long term security.
“Such investors in Dubai see the UK as a secure country for long-term investment with the aim of using rental income for children’s UK education, their own UK holidays or ultimately as a pension,” Andy Noble, senior marketing consultant at Find UK Property said.
“A large percentage of such buyers are actually UK Expats who may already have invested in Dubai but now see that the market in Dubai is too volatile for long-term reliability,” he added.
The largest group of investors looking to buy low-cost investment property in the UK come from Asia, from places like Hong Kong, Singapore, Malaysia, India and China.
Find UK Property conducts regular surveys on non-residents who are looking to buy or have purchased property in the UK.