Wealthy Middle East Residents Are House-Hunting in Europe to Escape War

Wealthy Middle East residents are stepping up house-hunting in high-end European property hotspots as concerns about the war drive an uptick in demand for temporary rentals and longer-term accommodation.

Realtors from London, Monaco, Switzerland and Spain’s upmarket resort of Marbella are reporting increased interest ranging from multi-millionaire traders to influencers and families looking to relocate until the Middle East conflict is over or move overseas permanently. Investors who might have plowed money into the most popular Gulf property markets are also examining alternatives with the war now well into its second month, they said.