GCC property investors eyeing property in London should consider access to transport and green spaces, according to a UK real estate developer.
New research by Barratt London, which was conducted by YouGov as part of a survey of 1,000 adults, has revealed the most important factors to consider when deciding on a London property location, providing valuable insights for GCC property investors seeking opportunities in the UK Capital.
Topping the list was proximity to London’s extensive transport system, which was the top priority across all age groups, followed by access to local amenities, with 64 per cent of survey respondents highlighting the importance of being in close proximity to local amenities, including shops, leisure facilities and restaurants.
GCC property investors in London
Green spaces ranked among the top three preferences with 50 per cent choosing this as a critical factor.
The results were divided when respondents were asked about their preferred London zone.
Zone 3 came out on top (14 per cent), followed closely by Zone 2 (13 per cent) and then Zone 5 (11 per cent).
Perhaps unsurprisingly, the results showed a correlation between age bracket and borough, with those aged 18-44 preferring Zones 2 and 3, while those aged 45+ opted for Zones 4 and 5, which are situated slightly further away from the hustle and bustle of the city.
Stuart Leslie, International Sales and Marketing Director at Barratt London, said: “Choosing to purchase a home overseas can be an exciting journey. This study has revealed some interesting insights into some key elements that GCC investors should consider.
“Convenient access to transport links and proximity to amenities and green spaces emerge as top priorities in the capital’s property market”.
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