Our 2024 report exploring the factors underpinning why Gulf residents are buying UK homes
Creator: Marketing
What You’ll Learn
This report provides original insights to brokers interested in working with GCC clients. It uses search data provided by Rightmove for Nomo, and features exclusive insights from three of our broker partners: Faye Adams, Senior Independent Mortgage Specialist at Peritus International, Sophia Kazmi, Director, Maidwell Group, and Nathan Bakhbakhi, Partner, Sales Manager at Knight Frank Finance.
It identifies three key themes:
1. When affluent GCC customers are looking for investment opportunities, they often prefer to invest in the UK rather than the Middle East. This is due to currency stability and attractive property finance products that are not available elsewhere.
2. GCC customers are price-conscious above all, and feel that UK pricing of property and finance is fair.
3. Inexperienced GCC customers can be surprised at the extent of the legal process in the UK, as well as the time it takes for completions.