The Perfect Time to Buy UK Property for UAE Residents – Enness in The National

Despite political and economic uncertainty at the time, falling property prices and a weaker pound were creating opportunities for UAE-based buyers considering a London property purchase.

London house prices had fallen, while lower transaction levels also gave buyers greater scope to negotiate, making the market more attractive to those looking for a second home or investment property.

However, overseas buyers still needed to consider the cost of purchasing, including stamp duty, as well as the deposit requirements and availability of suitable mortgage finance.

Yarovaya noted that UAE expats and local buyers typically required a minimum deposit of around 25% to secure a UK mortgage, with rates varying depending on the borrower’s individual circumstances and financial profile.

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