UAE expat savings heading towards global property investments

Published:  29 Jul at 6 PM
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It’s no secret that Western expats working in the UK are paid plenty enough to be able to invest for their futures, with many still favouring bricks and mortal via global property markets.

Property as an asset class is regarded as a traditional and historically safe place to stash savings, offering good returns and little overall risk if the investment is carefully chosen. Whilst UAE government predictions of property price increases due to the upcoming EXPO 2020 may be shaky, investment in regenerated areas of Europe’s large cities seems far less risky.

At present, the smart money is heading for London, New York and Sydney due to all three’s robust, historically solid reputations. London’s outer boroughs are seen as good buys unattached to the exorbitant prices of the capital’s central areas, with prices still climbing and now beyond the reach of most local buyers.

Surveys suggest that 30 per cent of investment in London’s outer regeneration areas originated from the UAE, and the capital’s house price inflation is expected to hit at least 23 per cent over the next several years,. UAE money looking for medium to long-term investment has resulted in property price increases in the liveable cities of Melbourne and Brisbane as well as in Sydney.

New York’s massive and seemingly unending regeneration projects have seen capital appreciation of 60 per cent since 2011, and Japan is now a good bet as its strong currency is investor-friendly at present. After the post-financial crash years, it seems that property as an asset class is due to return to its former glories, and may well stay there for the foreseeable future.
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