More than 200,000 UK homes owned by overseas buyers

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More than 200,000 UK homes owned by overseas buyers

There are 202,568 homes in the UK that are now registered to owners based outside the country, research reveals.

The findings from Enness Global show that the total has barely shifted over the past 12 months, rising by just 0.02%.

The data also offers a snapshot of where foreign ownership is concentrated, and which nationalities dominate different areas.

London accounts for the largest share, with 33.9% of all homes linked to overseas addresses, and the South East follows with 17.2%.

The North West ranks third at 15.9%.

Overseas buyers’ role

The firm’s chief executive, Islay Robinson, said: “International buyers continue to play an important role in the housing market, particularly across London and the wider South East where demand from overseas homeowners has long been a key feature of market activity.

“What’s particularly notable is how stable the overall level of international ownership has remained, with the total number of homes registered to overseas addresses changing very little over the past year.

“This suggests that, despite a challenging economic backdrop and ongoing political and tax uncertainty, the UK remains a desirable place to own property for many global buyers.”

She added: “London remains the clear focal point, accounting for over a third of all internationally owned homes across England and Wales.”

Biggest overseas owners

Buyers from Hong Kong emerge as the most prominent group overall, responsible for 13.8% of all internationally owned homes nationwide.

Singaporean owners take second place at 7.9%, ahead of purchasers from the United States of America on 6.8%.

Next is the United Arab Emirates on 5.9% and China on 5.8%.

Malaysia, Ireland, Australia, Kuwait and Saudi Arabia complete the top 10.

Who owns what

Hong Kong nationals also lead in several major regions, including the capital, the North West, the West Midlands and Yorkshire and the Humber.

Elsewhere, Malaysian buyers top the table in both the East Midlands and the East of England.

Irish owners are most common in the North East, Kuwaiti nationals dominate the South East, and US buyers lead across the South West and Wales.

Within London, 68,729 homes are registered to overseas addresses and, of these, 18.7% are linked to Hong Kong owners.

Singapore follows with 12.9%, while China moves into third place at 11.9%, ahead of the USA at 5.9%.

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