JEDDAH: A Saudi company is spearheading a move to facilitate ownerships of real estate in Britain.
“Our singular aim is to provide opportunities for Saudi and other investors to own real estate in Britain in accordance with the British regulations and specific legal safeguards,” Hassan Sunbol, chief executive officer of Jeddah-based Global Real-Estate Company (GRC), told the media yesterday. “Our facilitation will be so foolproof that the prospective real estate owners will have the option of not traveling to Britain and spend the time in searching for the right property,” Sunbol said.
“We have hit upon this strategy on noticing an increase in the demand for real estate specifically in Britain in particular and Europe in general, Sunbol said, adding that a wide range of selection of properties across Europe is available for the investors to decide.
“Although the economic downturn has swept the world during the past year, the demand for real estate in Britain continues, especially among the citizens of the Gulf who are searching for genuine and successful investments in real-estate,” Gabriel Kassir, CEO for London-based GRE Portfolios, said.
“There is tremendous demand among Saudis and other Gulf nationals to own real-estate in Britain. Kassir said, adding that his company’s partnership with the GRC is aimed at creating opportunities for real estate investors and facilitating them with ownership of buildings and apartments.
One such opportunity for local investors will be available at the Twelfth International Real-Estate Exhibition scheduled in Riyadh from April 4-8, where GRC is showcasing a wide range of real estate options in Britain and elsewhere in Europe.
