The number of overseas landlords owning property in the UK has hit 184,000, a five-year high. The total has risen by 19% from the 154,000 recorded in 2016, according to latest analysis.
Despite predictions to the contrary, Brexit doesn’t appear to have deterred interest from other countries, with the 2% stamp duty surcharge unlikely to dent the appeal for long-term investors, which also joins many others in flagging up rising numbers of Hong Kong buyers on the back of the new path to citizenship announced by the UK government last year.
Investments by overseas landlords into UK buy-to-let properties have also ensured a steady stream of capital into that sector, which has kept the quality of rental stock high.
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