£84.2bn in internationally owned homes across England

Crowded beaches - Clacton-on-Sea in Essex

The latest market analysis by Jefferies London has found that the current market value of foreign-owned homes across England stands at an estimated £84.2bn, with London accounting for £43.9bn, the largest share of any region.

Jefferies London analysed estimates of foreign homeownership across England, alongside average house price data, to calculate the estimated total market value of foreign-owned housing stock at both regional and local authority level.

The research shows that across England, foreign-owned homes are now worth a combined £84.2bn. While this ownership is spread across every region, London remains the dominant force, accounting for £43.9bn of that total, more than half of the national market value.

Beyond the capital, the South East (£15.1bn) and the North West (£7.3bn) represent the next most valuable regions for foreign-owned housing stock, followed by the East of England (£6.0bn).

London’s prominence is also reflected at local authority level. Fourteen of the 20 most valuable markets for foreign-owned housing stock are located within the capital, underlining the scale of international investment concentrated in its boroughs.

The City of Westminster ranks first, with £6.3bn worth of foreign-owned housing stock, followed by Kensington and Chelsea with £5.1bn.

Tower Hamlets ranks third (£3.74bn), while Wandsworth (£3.13bn) also places among the most valuable markets. Hammersmith and Fulham (£2.47bn) and Hounslow (£2.06bn) both remain above the £2bn mark, with Camden close behind (£2.00bn).

Outside of the capital, Buckinghamshire ranks as the highest placed non-London authority and sits within the overall top five at £2.98bn.

The North West also features strongly, with Manchester (£1.42bn), Salford (£1.26bn) and Liverpool (£1.25bn) all ranking within the top 20 most valuable markets, along with St Albans (£796m) and Birmingham (£923m).

 

Damien Jefferies, Founder of Jefferies London, commented:

“For overseas buyers, London remains one of the most attractive property markets on the global stage and, even with the various tax changes we’ve seen in recent years, the capital continues to attract international money because of its global reputation, depth of market and long-term appeal to high-net-worth buyers.

The fact that more than half of the total value of internationally owned homes sits within the capital underlines just how central London remains to global wealth, reflecting the long-standing confidence in the city as a place to live, invest and preserve capital.

However, we are seeing international buyers widen their search to a degree, with markets such as

Buckinghamshire and Manchester becoming increasingly popular.

That said, when it comes to prestige, profile and global standing, London continues to operate in a league of its own.”

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