Rahul Preeth
Doha
A combination of strong and structurally supportive market dynamics, a stable economy and evolving service-focused products are boosting the appeal of UK real estate markets for investors in Qatar, a London-based property investment consultant has said.
An expanding and more discerning occupier base is yet another major draw, Nadim Mansour, the General Director of International Investments, one of the leading property investment consultants in the UK, told Qatar Tribune on Monday.
"Qatar is one of the top 20 countries in terms of individual property ownership in the UK. Properties owned by Qataris in London increased by approximately 50 percent between 2018 and 2021,” he said on the sidelines of real estate networking event Cityscape Qatar.
Mansour said an increasing number of Qatari investors are moving towards commercial properties in the UK due to its favourable investment environment.
He cited strong student demand, large-scale city regeneration and development as well as strong employment conditions, and a lack of seniors housing units as major growth factors.
Mansour said the commercial property market in the country offers to potential investors numerous options such as build-to-rent (BTR) units, student accommodations and healthcare facilities.
The fact that UK is a global destination for vacationers, businessmen, students and medical tourists further adds to its allure, he added.
"When examining the top cities in BTR market, London, Bristol, Manchester, Edinburgh and Birmingham emerge as opportunity areas across all residential BTR sectors.”
Despite the fact that COVID-19 has transformed the way global investors look at real estate, Mansour said the UK residential investment sector has proven to be resilient by delivering a secure income in uncertain economic conditions.
"Over the past three decades, our lifestyles have changed significantly, leading to a shift in housing needs for a growing portion of cities’ population.”
As per Knight Frank Outlook 2022, Mansour said investors plan to invest a record £16.5 billion in UK residential assets in 2022.
"This would represent a 65 percent increase from the £10.2 billion spent in 2021. It is projected to reach £65 billion in five years.”
Over the last two years, cross-border investment into UK residential has contributed 61 percent of the total volume of capital deployed, he said, adding that around £5.5 billion of cross-border capital invested into UK residential assets in 2021.