London could see new Iranian investment

After it was determined that Iran has complied with a deal to stop developing nuclear weapons, international economic sanctions were lifted from the country in January this year. Because of this, it has been predicted that London could see a new influx of Iranian property investors in the coming years.

According to research from New World Wealth and Iranian-owned London estate agents Rokstone, investors from the Middle Eastern country are likely to spend £6 billion on foreign properties over the next decade, with a significant proportion of this being spent on residential properties in London. Our capital has a reputation as one of the world’s most desirable places to own property, and this is reflected in its position at the top of the wishlist for countless investors throughout the world.

Most Iranian investors will be looking for high-value luxury properties in traditionally upmarket and desirable parts of the city, such as Mayfair, Knightsbridge and South Kensington. Wealthy Iranians are attracted to the relative economic stability of the UK in comparison to their own country’s situation, which makes London real estate a sensible investment in comparison to unstable assets such as gas and oil. The UK’s education system is another big draw, with many Iranians buying homes for their children to live in while they study in London. The capital also has a large and thriving community of expat Iranians, which is another appealing factor for buyers.

As specialists focusing on property management, investments and council leasing in Camden, Kensington and Chelsea, Hackney and all other areas of the capital, we will watch these new developments with interest and continue to provide the highest standards of service to all our clients. London property can be a hugely beneficial investment for all types of investors, whether they are from overseas or living in the UK. Whatever your reason for investing in London, we will be there to offer the support you need to sustain a successful portfolio.