Proportion of overseas landlords in United Kingdom hits record low

Flat to let 2

The fall is most evident in London, where the proportion of overseas landlords has fallen from 26% to 11%.

One in 20 (5%) homes now let in Britain is owned by overseas landlords, according to the data from Countrywide, based on 90,000 homes it lets and manages every year.

The index includes a new feature entitled "index methodology" which outlines the average price of a new let in Britain rose by 1.1% year-on-year in June 2017 to stand at £950pcm.

The letting agency group claims the proportion of overseas-based landlords operating in Britain is now five per cent, down from 12 per cent in 2010.

The most recent report from Countrywide has revealed that the number of overseas-based landlords in the United Kingdom has slumped to a record low in 2017.

JMP Securities Upgrades Fifth Street Finance Corp. (FSC) to Outperform
Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. TheStreet lowered Fifth Street Finance Corp. from a "c-" rating to a "d+" rating in a report on Wednesday, June 14th.

The percentage of European-based investors has been slowly falling over time. Outside London, Europeans remain the biggest group of foreign landlords at 37%.

Across the country, London still has the biggest concentrations of overseas-based landlords, accounting for around one in 10, or 11%, of let homes there in 2017. In 2010, they made up 39% of overseas-based landlords in London, but now the proportion is 28%, according to its figures. London has always had the highest proportion, now 11%, followed by the South East at 5%. Scotland, Wales and the Midlands have the lowest at 3%.

The average overseas based landlord received 35 per cent more in rent past year than one living in the United Kingdom - a whopping £5.4 billion, which constitutes 11 per cent of all the rent paid by all of the private tenants in Britain.

The biggest fall in foreign ownership in London has been amongst Europeans. Over half the income earnt by overseas landlords came from rental homes in London.

Research Director at Countrywide, Johnny Morris, said: "The growth of the private rented sector since 2010 has not been driven by overseas investors". Overseas-based landlords have also seen the removal of capital gains tax exemptions in 2015. "A steady increase in foreign investors" tax bills combined with more recent falling expectations of price growth in London has led to a decline in foreign investment in buy to let, ' he pointed out.

Related News:

  • New game by Street Fighter EX developer launches in 2018

    New game by Street Fighter EX developer launches in 2018

    At Evo 2017 , everyone received more confirming news that this brand new fighter will exist in some way, shape or form. The game is in development for PS4, and Arika promises a "limited time beta/server test" on PS4 at the end of 2017.
    United States  conglomerate to purchase Dominion Diamond in $1.2B U.S.  deal

    United States conglomerate to purchase Dominion Diamond in $1.2B U.S. deal

    The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The Stock traded with an actual day volume of 4.01 Million and average volume of 545.36 Million respectively.
    Yankees notebook: Chapman rebounds, Judge cools

    Yankees notebook: Chapman rebounds, Judge cools

    CC Sabathia allowed two hits over six innings in the opener, and Didi Gregorius hit a solo home run to give NY a 3-0 victory. Boston (52-41) salvaged a split of its four-game series with NY (47-43) after losing earlier Sunday afternoon .
  • Tesla driver denies 'Autopilot' led to Minnesota crash

    Tesla driver denies 'Autopilot' led to Minnesota crash

    But the driver said in the email released on Monday he believed he had disengaged the Autopilot system at the time of the crash. Additionally, every time that Autopilot is engaged, the auto reminds the driver to "Always keep your hands on the wheel".
    Centrica PLC (CPYYY) Upgraded at HSBC Holdings plc

    Centrica PLC (CPYYY) Upgraded at HSBC Holdings plc

    The firm's 50 day moving average price is GBX 495.34 and its 200-day moving average price is GBX 477.21. The firm has a market cap of $188.62 billion, a price-to-earnings ratio of 357.11 and a beta of 0.87.
    You'll Soon be Able to Play RuneScape Seamlessly Between PC and Mobile

    You'll Soon be Able to Play RuneScape Seamlessly Between PC and Mobile

    RuneScape's 16-year existence is a sign of why games-as-a-service are so desirable by companies right now. The newer, more modern version of the game (simply known as RuneScape ) is due on mobile at a later date.
  • Most Active Stock: Ocular Therapeutix, Inc. (OCUL)

    Finally, Berson & Corrado Investment Advisors LLC boosted its stake in shares of Ocular Therapeutix by 5.8% in the first quarter. Ocular Therapeutix has a one year low of $4.04 and a one year high of $11.91. (NASDAQ: OCUL ) plummeted -0.22% to $6.66.

    Chelsea make transfer offer to Atletico Madrid star Yannick Carrasco

    Whether the Blues send him out on a six-month loan and then sell him to the Spanish side is a question we will have to find out. It is believed the 22-year-old will complete his move to the Premier League champions in the next few days.
    7 million Venezuelans vote to reject Maduro - opposition

    7 million Venezuelans vote to reject Maduro - opposition

    Various former Latin American heads of state attended Sunday's vote as observers in support of the opposition. Academics monitoring the vote said that 7,186,170 people took part in the non-binding referendum.
  • Horse race bet with William Hill

    How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.
    London Gatwick airport runway briefly closed after plane's tyre burst - spokesman

    London Gatwick airport runway briefly closed after plane's tyre burst - spokesman

    A flight from London to Toronto carrying 282 passengers has been forced to turn back after one of its tires burst as it took off. All inbound and outbound flights have since been halted for more than an hour with inspectons still taking place on the runway.
    Stressful life events can age brain

    Stressful life events can age brain

    Manage other health conditions such as high blood pressure, high cholesterol and type 2 diabetes. But she said the brain was an "incredibly intricate organ" to research.


Most liked

IDF soldier who shot wounded terrorist sent to house arrest
He will remain there except for trips to the synagogue, accompanied by a family member, on Friday night and Shabbat day. Elor Azaria, speaks to press at the Kirya military base in Tel Aviv following the verdict of Azaria on January 4, 2017.

Biden to write book about grieving son's death
PROMISE ME, DAD chronicles 2015, the most momentous and challenging year in Vice President Biden's extraordinary life and career. Joe Biden's new book, Promise Me, Dad , now has a November 14 release date, as announced by Flatiron Books .

Carolina Panthers release GM Gettleman
Gettleman served as the Giants' pro personnel director from 1999-2011 and was their senior pro personnel analyst in 2012. The team parted with 13-year veteran Steve Smith in 2014.

Newgarden wins second Honda Indy Toronto
This weekend, the Verizon IndyCar Series heads to Toronto to race in the 12th of 17 events ( Honda Indy Toronto , Sunday, 3 p.m. Josef Newgarden had some fun at hometown star James Hinchcliffe's expense in the Honda Indy Toronto .

Queen biopic production imminent
In a statement, Queen's Roger Taylor and Brian May say, "Rami has great presence and he's utterly dedicated to the project". Later, Ben Whishaw was to star with Dexter Fletcher directing, but more creative issues nixed that team-up.

South Korea Proposes Fresh Talks With North Korea
South Korea's Defense Ministry made the offer on Monday morning, the first since Moon Jae-in became the South's president. Seoul however says the group-12 waitresses and a restaurant manager- had defected to the South past year .

Reports: Real To Bid £50m For Man Utd Star
United later backed out and signed Belgian Romelu Lukaku from Everton for a reported transfer fee of 75 million pounds ($98.19 million).

Stenson pessimistic about retaining British Open title
Following Stenson's group will be 2010 Open champion Louis Oosthuizen , England's Justin Rose and American Justin Thomas . Henrik Stenson has cast doubt on the chances of him retaining his Open Championship title at Royal Birkdale next week.

Roselle Man Charged in Multi-Vehicle Crash That Killed 2, Police Say
A 38-year-old woman who was driving eastbound on the parkway swerved, but was struck by Shakespeare's vehicle, police said. They say he sideswiped a auto next to him, lost control, and swerved across three lanes, hitting two more cars.

Manziel has spoken to teams about National Football League return
Greatly missing the game is one of the driving factors for the former Aggies Heisman Trophy victor . The thing he learned the most during this time, Manziel says, is how much he misses football.

Global cyber attack could spur $53 billion in losses: Lloyd's of London
According to Lloyds and Cyence, average economic losses from a major attack on cloud services could be about $53 billion. In June, an attack of a virus dubbed "NotPetya" spread from infections in Ukraine to businesses around the globe.

Charlie Gard to be examined by U.S. doctor who created experimental treatment
Hirano says the therapy he is developing could improve the condition of Charlie who suffers from a form of mitochondrial disease. Connie Yates will join USA neurosurgeon Michio Hirano and other medical experts at Great Ormond Street Hospital, London.

Track Fire In Harlem Disrupts Subway Service; 9 Treated For Smoke Inhalation
B train service resumed with delays after being suspended between Bedford Park Boulevard and Brighton Beach in both directions. Twitter user Tamara Hansson tweeted , "Now me and several hundred other people are walking to the 145th 1 train".

Greenlaw Named To Butkus Award Watch List
The Butkus Award has been given out annually since 1985, and has been awarded by The Butkus Foundation since 2008. He added 125 yards through the air on 17 receptions and averaged 22.3 yards per kickoff return.

Kelly Accused of Holding Women in a Cult, 'Against Their Will'
For her, it is obvious that his daughter is the victim of a cult, and like other families, she was seized by the authorities. On the tape, it's not just what Kelly said that shows his pattern of behavior with the women close to him.