Europe is hot with HNWIs (High Net Worth Individuals) from the Middle East. More and more real estate in Europe is being bought by this Arab elite. Not only as an investment, but also to stay here, because with the private jet or helicopter they are here in no time.
Arabs and their hunger for European estates
The editors of OneMoreHectare did some more research on this phenomenon. Our precious space is disappearing at a rapid pace in Flanders, Belgium and all of Europe! In Flanders, 7 hectares of open space is disappearing every day!
So we went looking for the reason why Europe is so popular with wealthy buyers from the Middle East.
The most obvious reason is that Europe is relatively close compared to other interesting places in the world. Europe has a high standard of living, excellent facilities and a stable and legally secure political climate.
An important factor is of course also the climate. Especially in the summer it is much cooler than in their home town. Even the hottest days in Andalusia cannot match the heat in the Middle East, where it fluctuates between 38 and 49 degrees Celsius from May to September.
In addition, the diversity of the landscape is unique: Mountains, beautiful beaches, green fields, hills, forests and rivers ... Europe has it all.
In Dubai, the temperature in the summer can reach over 50 degrees in the shade. Europe is then a perfect place to cool off.
In addition, their extravagant hobbies are also a motivator to invest in European estates. Equestrian sports, hunting and falconry are some examples of this. In the Netherlands, Spain, Italy and Portugal dozens of properties have already been sold to sheiks, sometimes just by telephone!
Arabs train falcons to hunt and for competitions. These competitions are about the speed and beauty of the falcon. They sometimes give each other a falcon as a present to maintain business relations. Falcons are also mentioned in the Quran as sacred birds.
This is where one of the great assets of OneMoreHectare comes to the foreground. No other platform brings together so many great and unique properties. The platform features hundreds of properties for anyone looking for space in Europe, whether you're an Arab Sheikh looking for exclusivity or a wildlife enthusiast on a tight budget.
Are you looking for space in Italy, Spain, Austria or elsewhere in Europe? Happy searching! https://www.onemorehectare.com/en/domains/