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Property News | London's most iconic hotels to be sold to Middle East: "Claridge's, Grosvenor House, the Berkeley and the Connaught are all possible targets for foreign investment that could launch London as a new ‘luxury hotspot'.
The prediction is part of a WTM Global Trends Report, released at World Travel Market, an annual travel industry conference which is currently being held in London.
Caroline Bremner, a spokesperson for market research company Euromonitor International, which carried out the study, says: ‘The UK is ripe for investment from the Middle East with attractive property prices and the value of the pound.
‘We anticipate visitors from Saudi Arabia and the United Arab Emirates to the UK to increase significantly in the next four years.'
The Qatari royal family recently bought Harrods for £1.5bn and a Middle East consortium is behind the construction of the £2bn ‘Shard of Glass' tower."
The prediction is part of a WTM Global Trends Report, released at World Travel Market, an annual travel industry conference which is currently being held in London.
Caroline Bremner, a spokesperson for market research company Euromonitor International, which carried out the study, says: ‘The UK is ripe for investment from the Middle East with attractive property prices and the value of the pound.
‘We anticipate visitors from Saudi Arabia and the United Arab Emirates to the UK to increase significantly in the next four years.'
The Qatari royal family recently bought Harrods for £1.5bn and a Middle East consortium is behind the construction of the £2bn ‘Shard of Glass' tower."
