The number of homes in England and Wales owned by overseas buyers has almost tripled in the last decade as residents from tax havens and Asia flooded into the UK housing market, fuelling concerns that wealthy offshore investors are pricing out locals.

Welcome new members bonuses สมัครสมาชิก SLOTXO are offered to newly registered members (for the first time) as their first deposit bonus. 

Overseas ownership of property is a contentious and murky issue. There is limited official data on the subject but an analysis by the Centre for Public Data (CFPD), a non-profit organisation, showed the increasing presence of overseas buyers in the UK market.

The analysis will do little to ease concerns that foreign buyers are a factor in pushing up prices. UK house prices have risen from an average of £167,500 (S$306,700) at the start of 2010 to £264,000 in August of this year, according to official data.

Close to 250,000 residential properties in England and Wales are registered to individuals based overseas, amounting to roughly one per cent of total housing stock, up from less than 88,000 homes in 2010, according to CFPD, which used freedom of information requests to HM Land Registry to collate the analysis.

Two-thirds of overseas purchases come from buyers based in just a dozen countries. Hong Kong is the single largest source of buyers, with 23,524 homes in England and Wales owned by residents of the city – a sharp increase from 2,170 homes in 2010. Singapore and Malaysian buyers also feature prominently on the list.

Crown dependencies and tax havens, including Jersey, Guernsey, the Isle of Man and the British Virgin Islands, are other significant origins of buyers. Residents of those four territories alone own close to 50,000 homes in England and Wales.

The increase in overseas buyers is “partly a reflection of significant levels of growth in global wealth, which is looking for the relative stability of bricks and mortar, particularly somewhere with a robust legal system like the UK,” said Lucian Cook, head of residential research at estate agent Savills.