“87,000 properties worth an estimated £100bn are owned by anonymous overseas companies”

I was reading a recent news article on the Manx Radio website, national public service broadcaster of the Isle of Man, where they highlighted the problem of money laundering and quoting from a feature from Burnley Express stating that properties on Isle of Man have links to ‘offshore tax havens’.

It sounds like deeper investigations are required as they say that more than 200 property are owned by companies registered offshore, of which 27 can be traced to Manx registered offices.

The Land Registry for England and Wales shows more than 87,000 properties worth an estimated £100bn are owned by ‘anonymous overseas companies’.

This is an alarming stat and though maybe good for investors involved and what ever corruption and monies that are passed to enable this situation to occur, it is not good for genuine people looking to acquire property to live. It would be a simple thing to expose and rid of via the government, but of course this would be too obvious and not investigated because many of us know why

It was quoted from Senior anti-corruption campaigner Ava Lee that: “UK property is one of the favourite tools of the criminal and corrupt for stashing and laundering stolen cash.

Some people may be wanting a 2nd passport to stay in their overseas properties.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

LIVING BY THE SEASIDE 2022
Breaking News

COVID five years on: City and coastal trends reverse as homes by the sea take longer to sell

Rightmove’s new report looks at how the market has changed five years on from the pandemic starting Many city and coastal trends have now reversed, with homes near the sea taking three weeks longer to sell compared to 2020, and the majority of buyers in the capital looking to stay rather than leave London A…
Read More
Estate Agent Talk

What it takes to make real estate development financing work

By Daniel Austin, CEO and co-founder at ASK Partners Securing financing for real estate development has become an uphill battle. With interest rates still elevated, inflation pushing construction costs higher, and planning delays introducing further uncertainty, developers face a challenging environment. Traditional lenders, constrained by regulatory pressures and rising risk aversion, have scaled back, creating…
Read More
Home and Living

Signs Your Roof Needs Professional Repair: Don’t Ignore These Red Flags!

The roof of your home is one of its most vital components. It serves as the first line of defense against the elements, shielding you and your family from rain, snow, wind, and UV rays. A sturdy roof also enhances the energy efficiency of your house, helping to regulate temperature and reduce heating and cooling…
Read More
for sale sign london
Estate Agent Talk

Cheap Local Estate Agent

How much is the average estate agency fees in England for 2025? The figure of 1.42% (including VAT) is the average estate agency fee in 2025. This average fee for selling your home can vary with figures between 1% and up to 3.5%, there may be some lower and higher too. How you are looking…
Read More
Estate Agent Talk

The Future of Real Estate: How Technology is Revolutionizing the Industry

It is also evident that the real estate industry is going through a lot of changes mainly due to changes in technology. Technology is changing almost every aspect of the industry and this includes the purchasing, selling, and advertising of properties. Consumers need a more efficient and enhanced form of transactions, real estate professionals must…
Read More
Breaking News

Halifax House Price Index – Average UK house price falls in March

• House prices fall by -0.5% in March (vs -0.2% in February) • Average property price now £296,699 (compared to £298,274 in previous month) • Annual rate of growth remains at +2.8%, unchanged from February • Northern Ireland sees house prices rise at fastest pace (+6.6%) Amanda Bryden, Head of Mortgages, Halifax, said: “UK house…
Read More