Wednesday, January 22, 2020

Innovative new research from Cluttons

With London retaining its position as the most attractive international investment destination for Middle East investors, Cluttons’ latest research report has identified East Dulwich, Greenwich, Canada Water, Maida Vale and Hammersmith as upcoming residential hotspots, likely to offer the highest rental returns for prospective investors.

Conducted in partnership with the Consumer Data Research Centre and University College London, Cluttons’ unique research, ‘Residential Mobility in London: Unlocking Migration Patterns’, has been carried out using spatial interaction modelling. It examines flows of people over time and gives a novel insight into the push and pull factors of London’s various residential areas, highlighting the factors that most influence the attractiveness of an area to residents and, in turn, investors.

Commenting on the findings of the research, Faisal Durrani, Partner and Head of Research at Cluttons said, “The top five hotspots identified are most likely to attract investments and residential migrants, not least due to their relative affordability, compared to prime Central London locations. The desirability of Maida Vale, in particular, as a location for habitation appears to have spiked in recent years due to its perceived value for money, when compared to nearby Marylebone, or Hyde Park, where average prices have risen by 180% in the last 20 years to hover at roughly $3.1 million today.”

The strength of the US dollar, to which a range of Gulf currencies have historically retained a fixed peg, has positively positioned property assets in London, creating a strong appetite for a London-based investment. “London remains the most preferred location for investment amongst Middle East Family offices owing to factors like close trading links that date back to the 1800’s, around 39 direct daily flights from the Gulf, and a 175% rise in capital value in the last 20 years. For Middle East investors, the circa 15% to 18% decline in the value of sterling since just before the Brexit referendum has aided London’s appeal. This trend is likely to continue into 2018,” explained Durrani.

The report also discusses the decisions taken by many Londoners, who forego home ownership, albeit temporarily, in order to access a certain lifestyle, or to achieve what is perceived to be an optimal commute. “This trend contributes to increasing the population density in many prime Central London locations where accessibility levels are high due to the high concentration of Tube stops, adding to the opportunities for strong rental returns,” added Durrani.

MOST READ

AMH Signs Agreement with EMS Emirates Company

American Mission Hospital (AMH) have signed an agreement with Energy Management Services-Emirates Company (EMS) from UAE with local support of Mohammed Jalal & Sons...

BAC inks airport banking services agreement with NBB

Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), signed an agreement with National Bank of Bahrain (NBB) for...

CBB presents plan for digital transformation to financial institutions

In line with the directives of HM King Hamad bin Isa bin Salman Al Khalifa to the government to undertake the development of a...

46th Bahrain Annual Fine Arts Exhibition opened

His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister, deputized His Highness Shaikh Mohammed bin Mubarak Al Khalifa, the Deputy Prime...

Bahrain’s biggest water park LPOD scoops ‘Brand of the Year Award’

The Lost Paradise of Dilmun (LPOD) water park Bahrain has scooped the 'Brand of the Year' 2019-2020 at the World Branding Awards in London. The...

Lenovo is building another standalone VR headset

Lenovo hasn’t made the best bets in virtual reality so far. It seems like the company’s about to try again — according to a...

Gulf Air Reveals Nice as Leisure Boutique Destination for Summer 2020

Gulf Air - the Kingdom of Bahrain’s national carrier – in line with its boutique strategy to add boutique leisure destinations to its network,...

Kapha Dosha

In Ayurvedic tradition the Kapha Dosha are the mind and body type associated with earth and water. It entails structure and stability in the...

Are You Cleaning Your Jade Roller?

Jade roller has been a game-changer in the skincare routine. The stunning-looking paint-roller kind tool has many delightful benefits to offer. The soothing jade...

Taqyeem Committee discusses categorization of Government Service Centres

The Chief Executive of the Information & eGovernment Authority (iGA), Mr. Mohammed Ali Al Qaed, chaired a meeting of the Government Service Centre Evaluation...

Ministry of Education Visits Ebrahim K. Kanoo

As part of its ongoing co-operation and strong bilateral relations, a delegation from the Ministry of Education visited Ebrahim K. Kanoo Managing Director, Mr....

Lamborghini Lambo V12 Vision GT

Lamborghini has released a new one-seat concept car called the Lambo V12 Vision GT that utilizes the same hybrid powertrain found in the one-of-63...

Government apps at your service!

These days, our smartphones are much more than just phones. We rely on them for work, leisure, directions and many more important aspects of...

Chaine Des Rotisseurs held in Bahrain

The latest Diner Amical of the Bahrain Chapter of The Chaine des Rotisseurs was at the Fine Cafe, Reef Resort, Bahrain. On Thursday 12th...

Friendship Society for the Blind: The Light of Bahrain

Friendship Society for the Blind in Bahrain was established in 1981. Initiated by some blind teachers and students for having a society for the...