Foreign-owned homes across England are now worth an estimated £84.2bn with London accounting for more than half of the total market value, new research has revealed.
Analysis by Jefferies London combined estimates of overseas homeownership with average house price data to calculate the total value of internationally owned housing stock at regional and local authority level.
The findings show that London alone accounts for £43.9bn of the £84.2bn national total, underlining the capital’s continued dominance as a global property hotspot.
Outside the capital, the South East ranks second with £15.1bn worth of foreign-owned homes, followed by the North West at £7.3bn and the East of England at £6.0bn.
LOCAL AUTHORITY RANKINGS
At local authority level, London boroughs dominate the rankings. City of Westminster tops the list with £6.3bn of foreign-owned housing stock, followed by Kensington and Chelsea at £5.1bn.
Tower Hamlets ranks third at £3.74bn, with Wandsworth also among the highest at £3.13bn. Hammersmith and Fulham, Hounslow and Camden each record values around or above the £2bn mark.
Fourteen of the 20 most valuable markets for foreign-owned housing stock are located within London.
Beyond the capital, Buckinghamshire is the highest-ranking non-London authority, placing within the overall top five at £2.98bn. The North West also features prominently, with Manchester (£1.42bn), Salford (£1.26bn) and Liverpool (£1.25bn) all ranking in the top 20.
ATTRACTIVE MARKET
Damien Jefferies (main picture, inset), Founder of Jefferies London, says: “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.
PRESTIGE AND PROFILE
He adds: “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.”
