(MENAFN) Middle Eastern investors plan to expand their business to reach European and other global real estate markets in the coming ten years, according to Arab News.
The investors have allocated as much as USD180 billion for their investments, of which 80 percent, or about USD145 billion, will be spent Europe.
About USD58 billion will be invested in the UK, with USD60 billion at continental Europe, including mainly France, Germany, Italy and Spain.
The plans came after the extraordinary mismatch between the lack of institutional real estate in domestic markets and the huge spending power concentrated in the region.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.