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FREE landlord softwareThis reflects an increase of 39 percent data, which refer to individual buyers rather than corporate property investments, shows a 39 per cent increase in overseas landlords buying-to-let in the UK over the 5 year period to March 2012.
This data includes both British citizens living abroad and foreign nationals.citizens who live abroad.
Mark Giddens, head of private client services at UHY Hacker Young commented
“UK property is seen globally as a safe haven from the effects of a financial crash or from national governments’ interference in the assets of private individuals.”
Read more in the Financial Times
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1 comment:
Did I read somewhere that a lot of these foreign investors weren't paying the same tax as the rest of us? I work in the middle east but have a few properties in the UK which I pay tax on the income. Why a foreigner should be exempt is beyond me. If anything they should pay more instead of artificially inflating house prioes at UK citizens expense.
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