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Liverpool and Manchester Top Cities For GCC Investors

Posted on 19/06/2023 by Iqbal Nugroho

For investors based in the six Gulf Cooperation Council (GCC) countries, the UK has historically been one of the most popular places to invest in buy to let property.

Understandably, London has received the majority of this investment through the years due to it being one of the world’s most important financial centres, having huge employment opportunities, as well as an abundance of famous historical attractions leading to sustained tenant demand.

But following the Covid-19 pandemic, a number of factors have caused a significant shift in this long-established trend, a shift that’s increasingly taking North West investors.

The GCC is comprised of some of the world’s most powerful and top-performing economies in Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman.

While investors from these oil-rich states remain major players in the London property market, the thriving cities of Liverpool and Manchester have recently been diverting their attention to the North West, one of the UK’s fastest-growing regional economies.

Aside from the high rental returns and lower property prices; major investment and regeneration, world-renowned universities, increasing employment prospects and being home to some of the world’s most high-profile football clubs, are among the main reasons GCC investors are becoming more interested in these thriving cities.

speaking to Arabian BusinessSean Gilchrist, CEO of Nomo Bank – The digital division of the Bank of London and the Middle East – stated that:

“We are seeing a lot of demand for property in some of our northern cities such as Manchester and Liverpool from our GCC customers and also investors from that region, generally.”

He added thatthe bonus of them being home to some of the most famous football teams is among the major factors for the GCC investments”.

In this light, when the most recent figures and market forecasts are considered, an increase in GCC property investment in Liverpool and Manchester will come as little surprise to those following the latest market trends.

Category: Real Estate News
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  • Exploring the World of Antique Jewelry
  • The Health Risks of a Sedentary Lifestyle vs. Active Sports
  • The Future of Nutrition: Technology-Enhanced Eating
  • The Ultimate Kitchen Cleanup Guide for Home Cooks
  • Exploring the World of International Street Food

alternative ways to sell your house buy my house home realtor home sellers house buying companies house realtor houses how do you search by mls number? how to sell your home online how to sell your house by owner how to sell your own house my realtor national association of realtors realtor realtor.com find a home realtor.com florida realtor.com mi realtor.com official site realtor.com rentals realtor.com texas realtor definition realtor homes for sale realtor logo realtor md realtor nc realtor near me realtor net realtor on realtor one realtor pa realtor pronunciation realtors realtor websites sell home by owner sell home for cash sell home online sell home quick selling a house sell my home sell my own home steps to selling a house by owner the realtor the realtors what does a realtor do yahoo real estate listings

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