A new breakdown have been released of the nationalities of overseas buyers investing in British homes – thought to be overwhelmingly purchasers of buy to lets and frequently multiple units.
The research, from mortgage broker Henry Dannell, shows when it comes to the most active overseas buyers, Hong Kong leads the charge. There are some 23,524 homes owned by Hong Kong nationals in the UK worth an estimated £10.7 billion.
While Jersey residents own the second largest total of homes (18,493), they sit second in the rankings where total market value is concerned at just over £8.3 billion.
Singapore nationals account for the third largest share with 18,165 homes owned with a total value at just over £8.4 billion.
Some 13,076 homes with an estimated market value of £5.5 billion are owned by homeowners from the United States of America.
Ownership registered in Ireland (12,056), Guernsey (11,594), the United Arab Emirates (10,914), Malaysia (10,177), the Isle of Man (9,338) and Australia (8,619) complete the top 10.
Henry Dannell director Geoff Garrett comments: “Not only is the property market incredibly diverse when it comes to stock availability and the value of this stock from one area to the next, but there’s also a host of nationalities residing within it.
“This foreign interest has helped boost the housing market economy to the tune of billions of pounds and we remain one of the most desirable destinations for aspirational foreign homeowners.”