Register
Login:
Share:
Email Facebook Twitter


London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event


ShareCast News


Overseas based landlords in UK down 50% since 2010

Fri, 10th Aug 2018 11:47


(Sharecast News) - The proportion of homes in the UK let by international investors has halved since 2010, although in London the number is on the rise.

The proportion of international based landlords in Great Britain fell to a record low of 6% in the first half of 2018, estate agent Hamptons revealed in its international monthly lettings index, with the ratio of overseas owners down from the 13% recorded in 2010.

Nevertheless, London has seen a pick-up in international based investors this year. The proportion of homes peaked at 20% in the second half of 2011, but fell to 7% in H2 2017. In the first half of 2018, the capital's proportion of homes owned by an overseas landlord climbed to 12%.

London remains the place with the highest proportion in the country with 12% whereas the East Midlands has the lowest with 3%.

Almost half of the overseas landlords are from Western Europe (44%), followed by Australasia (16%) and North America (14%), with Middle Eastern landlords accounting for nearly one in ten (9%) international landlords.

In London, 30% of international landlords are based in Western Europe followed by one in five from Asia.

Aneisha Beveridge, analyst at Hamptons International, said: "The proportion of homes let by an overseas based investor has halved in the last eight years. Higher stamp duty and annual tax on enveloped dwellings (ATED) combined with a steady increase in foreign investors' tax bills has led to a decline in foreign investment in buy-to-let."




Back to ShareCast News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.