Around 73 percent of Saudi Arabian investors are eyeing lucrative opportunities in UK real estate, underscoring the country’s status as the premier global destination, a survey showed.
With projects of GCC investments reaching $3.2 billion in 2024, driven by the market’s increasing affordability, the UK remains a magnet for investment for Saudi investors, the survey by Select Property, a leading UK-based property developer and investment partner, revealed.
The GCC has largely contributed to this projection by realising the vast potential of UK property as an investment vehicle for diversification, the study said.
The annual GCC investment in UK property has averaged $3.4 billion over the past decade, reflecting robust demand, reliable investment returns, substantial rental growth, and a diverse range of assets, Select Property said.
Adam Price, CEO of Select Property, said 75 percent of investors from Saudi Arabia favour cities like Manchester and Birmingham, which are considered the best places to invest in the UK.
Price growth in these cities is expected to reach over 19 percent, the study said.
The UK and its property market attract savvy GCC investors as a proven method of diversification and diversification into the UK market.
“Increasingly, GCC investors are recognising the UK as an attractive investment hub.
“Our survey shows that 73 percent of KSA investors have considered investing in UK real estate, particularly in Manchester and Birmingham,” Price said.
He said these cities offer compelling opportunities with significant price growth and rental yield potential.”
According to the survey, 65 percent of investors prioritise real estate as their preferred investment strategy.
The survey also revealed that nearly nine out of ten (90 percent) KSA investors look at the UK as their key investment destination, with 85 percent expressing growing confidence in the country’s real estate sector.
Price said their firm has witnessed a surge in investor interest following the recent launch of the Electronic Travel Authorisation, further solidifying GCC investors as integral to the resilience and attractiveness of the UK real estate market.
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