Dubai-based Landmark Properties has opened an office in Mayfair to hunt out real estate opportunities for its Middle Eastern clients, claiming exchange rates alone have made London property 25% more affordable in the last six months.
John Michael, manager at Landmark Properties UK, said: "If you live in the United Arab Emirates or elsewhere in the region, there has never been a better time to invest in London properties - the exchange rate is in our favour and the Bank of England base rates are at an all time low of 0.5%, therefore excellent rates can be achieved for clients based outside of the UK."
Michael said London properties were highly sought after by Middle Eastern investors as they had undergone several peaks and troughs and but the market remained one of the most proven and mature worldwide.
