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Brexit property: More UHNWs are expected to fly into the UK to view properties (Image: GETTY)
Leading private wealth law firm Boodle Hatfield has said many Middle Eastern investors are closely watching the UK’s exchange rate to see if they can bag a bargain.
The UK’s travel corridor list has meant many investors abroad have struggled to view properties in person.
However, with more countries being added to the travel corridor list in recent days, including the United Arab Emirates, more UHNWs are expected to fly into the UK to view properties.
Shaima Jillood, Partner and Joint Head of Middle East at Boodle Hatfield said even if a post-Brexit trade deal is negotiated in time, “UHNWs are betting on a weaker pound”.