Mideast Buyers Eye GBP 5M London Homes
The Wall Street Journal reports: Despite the initial appetite for commercial property in the U.K., Dan Fasulo, managing director of New York research firm Real Capital Analytics, which tracks international real estate movements, says residential properties are drawing the most interest from Middle Eastern buyers.
"It is possible that buyers from the Middle East may have returned on the residential side, but we are certainly not seeing this for commercial property," he said.
According to data from the research firm, one buyer from the U.A.E. bought a commercial property worth $1.7 billion earlier this year, and a Lebanese buyer bought a property worth $80.7 million.
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Posted by: Nina Turner