According to the London-based residential developer Barratt London, Indians form the largest group of property owners in London. This group includes individuals who have lived in the UK for generations, as well as non-resident Indians (NRIs). It also comprises investors from other countries, students, and families who travel to the UK for education.
The English and Pakistani people are next in number. It was also noted that Indian investors, who reside in both UK and India are prepared to spend anywhere between GBP 290,000 to GBP 450,000 for a one, two or three-bedroom property in London. Statistically in London 30 percent of sales are made to those investors who use the apartments as rentals in which 30 percent of those buyers come from foreign markets.
A Knight Frank survey revealed that 10% of India’s ultra-high-net-worth individuals (UHNWIs) planned to purchase a new home in 2022. While domestic real estate remains their top choice, their preferred international markets include the UK, UAE, and US. London is preferred by Indian investors because it is regarded as a hub for finance and education and as one of the major international entry points for investors.
Indian homebuyers are validly deciding to invest in the London real estate market because the cost per square foot is very similar between London and Mumbai. Indian buyers are much more interested in the UK residential market because of the higher rate of returns and because it is a safer market in comparison to the UAE or other countries.
