Thursday, May 14, 2009
130 prospective buyers from the Middle East to force London prices through the stratosphere (LOL)
Mortgagestrategy: Buyer interest swells from overseas investors
Hamptons International has seen a “strong interest” from overseas investors looking to buy up UK property, particularly in London.
The interest follows a Hamptons’ ‘Best of British’ campaign which showcased UK property to buyers in Dubai and Abu Dhabi.
Recent figures from Hamptons show that for the year to date the number of Middle Eastern applicants has gone by up 2.5 times compared to the same period in 2008. The campaign launched in April with a high-profile auction evening in aid of The Prince’s Trust, with Prince Michael of Kent as the guest of honour.
Posted by jack c @ 01:43 PM (2301 views) Add Comment
12 Comments
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1. paul said...
This is getting laughable. No sales, or even viewings of properties, but number of entrants to a property show?
This is worst than anecdotal, its just dogs chasing butterflies.
2. flashman said...
Dubai and Abu Dhabi are busy trying to mop up their own HPC. They are more likely to be begging for rescue funds, than investing in Hamptons bargain property.
As a side issue, why are Hamptons so proud of targeting investors who often specialize in slavery and human rights violations? If any of the PC brigade, object to my last comment, go fuuk yourself
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4. japanese uncle said...
Billionaire investors from Dubai, maybe. Hahaha
5. crunchy said...
2. flashman
Are you referring to landlords in general or investors from Dubia. Huuum!
6. str 2007 said...
I suppose any morrells in actively selling uk property to foreigners is lost to uk general public.
I wonder what qualifies you to buy uk property anyway.
I sense that if we want to buy property outside the EU cerain criteria apply.
Perhaps I've got that wrong and it is an international free for all.
7. str 2007 said...
Crunchy
I should have thought of that comment. Very Good LOL.
8. tyrellcorporation said...
'As a side issue, why are Hamptons so proud of targeting investors who often specialize in slavery and human rights violations?'
Flash I would say those issues are so far removed from their conciousness as to be non-existent - we're talking about EAs here! If Bin Laden wandered in with a suitcase of money they'd pull him up a chair and give him a catalogue.
9. crunchy said...
Money has no conscience!
10. Adarmo said...
Why would they over-pay for substandard proeprty, in an overcrowded city that's just about to have it's most lucrative industry regulated out and high net-worths taxed out. They really must have more money than sense.
@Rotten Tomato, If they buy properties becasue we screwed up that's our fault, and every idiot who thinks economics and fiscal prudence are not important deserves everything they get. I'll sit back and watch with interest (from a ski lodge in Canada).
11. mander said...
Comedy club is back in business. They have noticed bankrupt Dubai investors ready to put their money into London property. They are convinced that UK is the master of the bubble and a better protection of their wealth will be assured.
The right of the rich to get richer by doing exactly nothing just investing in property.
12. Illbehereallweek said...
A claim was made that people in Dubai would not understand the humour of the Flintstones, but we have heard that people in Abu Dhabi Do.