UK Real Estate Market Trends & Movements “Technical & Legal Overview” Seminar
Knight Frank Investment Management and Trowers & Hamlins Law Firm present a specialized seminar at KCCI
Dr. Ramadan Al Sharrah, Secretary General of the Union of Investment Companies, announced that the Union will organize a general seminar on the 23rd of September 2013 about the legal, technical, and taxation aspects associating real estate investment in UK. The seminar will be in cooperation with Blueprint Real Estate Investment Advisory. This comes within the framework of the Union’s periodic efforts of holding courses, lectures and conferences that enrich aspects of investment activity. Such conferences provide members with the cultural and scientific aspects surrounding their business.
The speakers at the seminar will be Kevin Aitchison, CEO of Knight Frank Investment Management, Ian Whittock, Chief Investment Officer (CIO) at Knight Frank Investment Management, and Michael Higginson, Partner of the British Law Firm Trowers & Hamlins.
Al Sharrah affirmed that the seminar comes as a response to the recent growing investment interest in the British real estate, which formed one of the investment directions for the Kuwaiti investment due to its growth rate and distinguished returns vis-à-vis other markets.
In this regard, Meshal Al Melhem, the Managing Director of Blueprint Real Estate Investment Advisory, affirmed that BP always seeks to contribute socially to promoting the competence and level of the local market and by supporting its investment decisions through the technical and legal aspects via expertise houses out of the concern to reduce and minimize investment risks resulting from falling into legal or legislative pitfalls or even technical ones.
Al Melhem indicated that the British market is one of the most important and viable real estate investment markets due to several factors including, but not limited to, the low margin of currency fluctuation, high return on real estate assets, high returns on rented properties, and low interest rates on banking loans. Besides, UK enjoys transparent and clear systems. In addition, it is one of the most economic stable countries not only in Europe but in the world as well, with the least unemployment rate among them. It also has an integrated and advanced legal system.
Al Melhem emphasized that the British real estate market managed to attract the hot global funds especially from Asia, Russia and India. Sale of luxurious properties downtown London recorded unprecedented rates.
Al Melhem asserted that the seminar will explain the movement and growth of the British real estate market in 2013 and projections for its trends over the next three years. The seminar will address the technical vision of investments in the housing sector inside London, the students’ housing sector, the residential apartments (rental basis) and the agricultural lands.
Michael Higginson, from Trowers and Hamlins Law Firm, will highlight the legal course for investment processes in the British real estate together with the latest legislation regulating this sector, the most common or important errors committed by foreign investors in general, and the Kuwaitis in particular, in their real estate investments in UK. He will also shed some light on the latest tax amendments endorsed lately by the British Government.
It is worth stating that Knight Frank Investment Management is the asset management and real estate investment arm for Knight Frank Company, one of the biggest real estate management, marketing and solutions companies in the world. Likewise, Trowers and Hamlins is a very well-known British law firm specialized in real estate investment with branch offices throughout many ME and Far East countries.