The United Kingdom and Europe have emerged as the most favored investment destinations for Islamic and Middle Eastern real estate funds, according to a new report titled “Shariah Property Investment: Developing an International Strategy”, which was commissioned by London-based international property consultants King Sturge, and endorsed by The Royal Institution of Chartered Surveyors (RICS) in London.
According to Stephen Brown, head of research at The Royal Institution of Chartered Surveyors (RICS), “The Islamic banking and finance market is one of the fastest-growing global niche markets, estimated to be worth some $500 billion and real estate investment is now forming a major part of their activities. Real estate is a particular popular investment vehicle for Shariah property investment as it can easily comply with Shariah law requirements.”
King Sturge is one of the largest independent property consultants in Europe, with a global network of over 100 wholly owned and associated offices. It supplies property services to owners and occupiers of industrial, office, retail, leisure and residential property in the UK through 20 locations.
