Carey Camel
MIDDLE Eastern investors are set to spend nearly €45 billion in the European real estate markets over the next decade.
The majority of this will be spent in Spain, France, Germany and Italy, claims research from global property advisor CBRE.
A further €62 billion is set to be spent in the UK market.
The massive increase in Arabic investment is due to the region’s huge spending power, combined with very few domestic real estate opportunities.
“The ‘buy and hold’ strategy adopted by many Middle Eastern investors within their home region and the resultant lack of deal flow opportunities leaves much demand here,” said CBRE Middle East managing director Nick Maclean.
“Coupled with increased confidence in global markets and the need for diversification, overseas investment has grown strongly.”
Arabic investors have already invested more than €15 billion globally in the last two years alone and over the next 10 years it has been estimated that they will spend €132 billion.
