Savills, the Middle East’s leading real estate services provider, today announced the appointment of Stan Ennor-Glynn as Head of International Residential Sales Middle East in their Dubai Office. With 15 years’ of experience within the Prime Central London, wider UK and European residential property markets, Stan will lead the growing International Residential division at Savills across the MENA region.
Steven Morgan, CEO of Savills Middle East said: “Our recent research showed that global investment in residential increased by 9% in the first half of 2019, at a time when investment into all other major asset classes declined. Following a period of economic and political uncertainty, we expect GCC investors to increase in 2020 as more certainty is offered, especially in the UK where a lot of pent up GCC capital is waiting to be deployed.”
“In light of this positive development, we proudly welcome the strategic appointment of Stan to our fast-growing Savills family in the region. His extensive experience will support the growth of our international residential team as we continue growing from strength to strength.”
Previously Director of MENA region at JLL, Stan’s role involved advising Private Family Offices, high net worth individuals and other funds on how best to invest capital into real estate, residential and commercial, outside of the region.
Commenting on his appointment, Stan Ennor-Glynn – Head of International Residential Sales Middle East said: “This new role at Savills is an important step in my MENA journey. It’s an honour to become part of this great network and join a well-established market leader with an internationally respected residential agency. Savills has an unparalleled portfolio of properties to offer clients and cater to their needs. I have built a strong experience over the past two decades will complement the existing International team, which already has a vast global office network.”
With more certainty offered with the Conservative party majority and BREXIT finally getting closer to a conclusion, the appetite from GCC investors is expected to increase in 2020. London will remain a key economic and cultural centre and will continue to be the preferred global destination for residential investment in 2020.
Stan added: “London has a rich history as a stable long-term destination with solid growth due to the lack of supply, which still makes it an ideal investment for wealth preservation. However, there are other regional UK cities such as Birmingham and Manchester that can offer good yields at affordable buy in prices, with a compelling story surrounding future major infrastructure projects such as HS2, which will increase connectivity across the UK.”
According to Savills, other top global investment destinations for residential include Germany and Portugal. As for Portugal, Lisbon is predicted to have one of the highest capital growths in 2020 with a combination of low interest rates, increased demand and the potential positive impact of the Golden Visa Program.
