In an interview with CNBC-TV18, Gray noted that Knight Frank’s two largest markets outside the United Kingdom are India and Australia, with India standing out as a region of particular interest. “We made a big commitment to India 10 years ago,” Gray said, pointing out that while Knight Frank has navigated some ups and downs in the Indian market, the country’s rising margins now match their global operations. This profitability is driven by India’s burgeoning significance not just as a real estate hotspot but as a full-service manufacturing economy.
Gray shared that he’s received more inquiries about India in the past 12-18 months than any other market, underscoring its sustained growth and appeal. “The question I have been asked more than any other in the last 12 to 18 months is, talk to me about India,” he noted, emphasising the remarkable transformation of India into a priority market for investors seeking robust opportunities across various sectors.
Globally, Gray identified the Middle East, particularly Dubai, as the hottest market currently, where residential and commercial properties are attracting high levels of interest. Dubai’s market strength, he explained, stems from its unique position as a prime destination for investors and expatriates alike, with Knight Frank expecting this trend to continue over the next few years.
Residential markets elsewhere have been comparatively stable, though core markets in Europe, particularly London, remain attractive. Gray observed that London is currently the preferred destination for cross-border capital, indicating its ongoing appeal among international investors seeking stability and growth.
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