After the UK voted to leave the EU, there were fears of a long-term mass exodus from the international property market. However, the latest research by London lettings and estate agents, Benham and Reeves revealed that overseas buyers owned just shy of a quarter of a million homes across England and Wales.
In the current market, that’s over a staggering £90.7 billion worth of property, indicating Brexit has not led to a significant exodus of foreign homeowners.
In fact, an analysis by the Centre for Public Data done last year revealed that overseas buyers have raided the property market in England and Wales as it tripled in a decade, from 88,000 in 2010 to nearly 250,000 in 2021.
