Even more than the English themselves, Indians are among the group of people who possess the most real estate in London, the capital of the UK.
According to London-based residential developer Barratt London, the largest group of property owners in London are Indians, who are represented by those who have lived in the UK for generations, NRIs, investors from other countries, students, and families who travel to the UK for education.
English and Pakistani people are next in number. And these Indian investors, who reside in both the UK and India, are prepared to pay anything between GBP 290,000 and GBP 450,000 for a studio, one, two, or three-bedroom property in London.
“We are noticing a significant demand from Indian investors wishing to buy homes in London and make investments in the long-term, stable real estate market.
The majority of our goods are sold outside of London to UK residents who purchase the houses and occupy them, according to Stuart Leslie, the company’s international sales and marketing director. “Pure investors account for almost 30% of our sales abroad at Barratt London in the capital (those who wish to use them as rental properties).”