Compare Listings

Qataris tipped for London property spree amid crisis

A flood of investment is expected to flow into London property as the Qatari crisis ratchets up, experts predicted on Wednesday.

Qatari investors already own swathes of London real estate and, after Arab countries cut diplomatic ties to Qatar, a fresh wave is anticipated.

John Collier-Wright, whose firm JR Capital buys properties in London for Middle Eastern investors, told the Evening Standard: “The political fall-out with their neighbours will inevitably lead to less cross-border investment activity locally, and coupled with higher levels of liquidity from the rising oil price, we expect to see more capital flowing out of Qatar.

“The UK will be one of the first ports of call, and much of it may go into property.”

Andrew Thomas, director and head of international capital markets at Colliers International, said the tensions sparked when several countries accused Qatar of supporting terrorism in the Gulf region were “likely to trigger a further outward capital flow”.

He added: “We will see more Qatari money trickle into UK property as private investors mitigate against political volatility.”

Faisal Durrani, head of research at estate agent Cluttons, said: “These funds may well be forced to look elsewhere and London is likely to offer an obvious alternative.”

Qatari money has backed London buildings including the Shard skyscraper and the Olympic Village.

According to property data business Datscha, Qatari investors own 879 properties in London totalling nearly 26 million square feet.

Several Gulf countries have cut travel and embassy links with Qatar.




    Related posts

    London Mansion Targets Wealthy Renters Avoiding Stamp Duty

    A home close to London’s Regent’s Park is targeting wealthy foreign renters and touting itself...

    Continue reading
    by cnembhard

    Asian investors splash out £3.2bn snapping up 68% of all offices sold in London in the last three months

    Overseas buyers spent the most on London office space for fourth year running  The biggest...

    Continue reading
    by cnembhard

    Brexit: Pound sterling slump fails to revive London’s flagging luxury property market

    Values have fallen 15 per cent since their peak in September 2014, according to broker...

    Continue reading
    by cnembhard

    Join The Discussion