Doha: Vendome International Property (VIP), the leading international property consultancy company in Europe, highlighted the high return of investments in overseas real estate at the International Property Show held at Dubai World Trade Center from April 11 to 13. The company offers nationals and expats properties in France, Spain, Portugal, Germany, United Kingdom and some of the most iconic cities around the world.
General Manager of Vendome International Property, Marie Mahmouch, said: “Over the past few years, we have seen an increase in property sales by about 50 percent from GCC investors. We are glad to participate once again at this year’s International Property Show as it is the perfect platform that helps us develop our strong position in the real estate market.”
“The market continuously evolves due to a lot of factors. GCC nationals like Qataris and UAE locals are now wiser as they continue to invest in real estate to save the rental expenditure and grow their property portfolio while they send their children to various universities in Europe. Due to a weaker euro value, locals and expats are also considering this time as a good opportunity to invest in outbound properties. Moreover, big airline companies provide support to travellers to boost local economy by having direct flights to major European cities giving locals and expats to spend times with their families and scout for nice properties abroad.”
According to France Diplomatie, for Qatari investments France remains particularly attractive. The Qatar Investment Authority invests mostly in prestige purchases especially in property and luxury hotels, which constitute to a long-term portfolio and enhancement of international image of the emirate.
VIP reported that in 2015 the company has handed over 220 apartments and villas. About 150 properties are still under construction. 250 propertiesare expected to be completed by 2017.
The company announced their upcoming projects in France, Spain, Portugal, Germany,and Sultanate of Oman to give their clients, most especially GCC residents, good options to optimise their investments.The Peninsula
