Contact Us 020 7292 4710 020 7292 4710

Welcome to
MORGAN PRYCE’S KNOWLEDGE CENTRE


Our Knowledge Centre combines a unique set of useful tools to assist ALL office movers. Use our moving guides, office space calculator, dynamic rental map and other tools to get an idea of what type of office your company needs. We’ll make sure you get there.
Register for FREE now and get full access.

Enter

Middle East buyers focus on luxury Mayfair

3rd September 2014

Middle East buyers focus on luxury Mayfair

Middle Eastern buyers are now accounting for half of Mayfair luxury property purchases, i.e. those worth more than £10 million, according to a report by Wetherell. 

In addition, the buyers from the Middle East also play a significant part when considering Mayfair properties as a whole: they are currently purchasing 10% of all Mayfair residential property each year. 

During 2013, there were properties sold in Mayfair and the West End worth a total of £472 million, with buyers in the Middle East paying around £150 million of this. Most of the purchases, it was found by Wetherell, were for private very high-net-worth individuals, or family businesses, to add to an investment portfolio. 

The governments, sovereign and state funds of the Middle East region are still investing significantly into London property, specifically landmark or iconic buildings, and development sites, to the sum of £4.4 billion of investment. A total of nine of the capital’s largest development sites are now owned by Middle East funds or governments – in residential terms, equivalent to around 28,000 new homes. 

After the Duke of Westminster’s Grosvenor estate, the Al Nahyan family of Abu Dhabi has become the largest investor in Mayfair property. 

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.


Login and get FULL AND FREE ACCESS to our unique Knowledge Centre.

Please note that we will not share your information with any third parties.

Forgot your password?

Please enter the email address used to create your account and follow the instructions to recover your password.

Didn’t receive an email? Check your spam inbox!

Create Your Account

Instructions have been sent to

Well Done!

Please check your inbox for a confirmation email.
You can manage your account details, email alerts and shortlists directly from your account.

or continue browsing

Loading...

Thank you for confirming your email address! You are now subscribed to our Newsletters.

By continuing your browsing on this site, you agree to the use of cookies used to perform visit statistics.

Accept