PAUL ADAMS ARCHITECT: The UAE and US wealthy people promote the high-end real estate market in the UK
According to the first three quarters of 2020 data, in the UK high-end market, the number of mortgage transactions secured by the international buyers is the highest, and the UAE is currently in a leading position. So far, 35% of all transactions completed in 2020 are from the UAE.
Valaitis, Peter Anthony, the founder and director of PAUL ADAMS ARCHITECT LTD, stated that the United States is the second largest trading country based on the current market activity. It accounts for 14% of all transactions, while the international buyers from Australia (9%), Cyprus (5%), Germany (5%), Saudi Arabia (5%), Singapore (5%) and Switzerland (5%) also account for the largest market share in the UK activity.
However, in terms of the average value of properties purchased, Malaysian buyers are ahead. So far this year, the average property value of Malaysian buyers who have secured a mortgage through Enness is 5.1 million pounds.
The United States leads the list with an average purchase value of 3.6 million pounds, followed by Cyprus (3 million pounds), Switzerland (2.4 million pounds) and Monaco (2.25 million pounds) respectively.
Who has the highest loan?
Among the most expensive properties, the Malaysian and American buyers have the highest average loans, at 3.57 million pounds and 2.94 million pounds respectively. The ranking is followed by the buyers from Switzerland (£1.773 million), Cyprus buyers (£1.635 million) and Jordanian buyers (£1.54 million). Overall, the performance of home buyers shows that they still have enough confidence to take advantage of the lower mortgage interest rates and buy properties during the pandemic. They can also fix the interest rates to prevent any fluctuations that may occur in the future. Many banks have seized the opportunity to lock in low interest rates.
Who paid the highest deposit?
The buyers from the United States and Malaysia paid the most cash deposits at 1.863 million pounds and 1.53 million pounds respectively. While the Cypriot buyers pay an average deposit of 1.375 million pounds, and Monaco buyers (1.15 million pounds) also paid more than 1 million pounds.
Hugh wadi-jones, the general manager of PAUL ADAMS ARCHITECT LTD, stated that although the obvious restrictions in year 2020 have created additional obstacles for many international buyers, a considerable number of countries are still committed to buy the UK high-end properties.
Currently the most active buyers are from the UAE. However, in terms of loan amount, house price and deposits, the buyers from Malaysia and the United States consistently rank among the top in the current market.
Due to the effects of Brexit in the past few years and the recent problems brought by the pandemic, the interest of the international community has greatly diminished.
However, as the UK real estate market gains a foothold again, we could see an increase in demand for the international routes. Many people believe that the rapid recovery of market at lower price levels is a good indicator. This indicates that the high-end market will soon follow.








