At Enness, we work with many foreign national clients who wish to purchase property in the UK, many of whom are Middle Eastern business owners.
In fact, we launched our Dubai office in The Gate Village DIFC in September, as a direct response to the increased demand for large loans for property in the UK and Europe.
In 2015, a CBRE report suggested the UK would receive $85billion dollars of investment from the Gulf over the next decade. Although Brexit and other economic factors may have influenced investment strategies, Europe and the UK specifically is still considered a desirable spot to invest both commercially and residentially. The weakened Pound also represents an opportunity for Middle Eastern business owners as they are currently enjoying favourable exchange rates.
Here, Antonio Michael, Head of Enness Private Office, discusses how Enness can help Middle Eastern business owners to navigate the market and secure a mortgage in the UK.