Expats on basic UK state pensions and living the simple life have been badly hurt by the slump in sterling, but their wealthier counterparts couldn’t be more pleased.
Put simply, wealthy expats living and working overseas are cashing in on lower-priced buy-to-let properties in the UK. For British estate agents, the fall in the pound is a dream come true as the numbers of non-resident landlords increases month by month.
At this point in time, overseas landlords make up just over one in ten of property investors, a four per cent rise over last year’s figures.
The majority chose a London property or one in the east of the country, with others hitting on the North West and South East regions. The numbers give cause for surprise, as 2018’s total of absentee landlords hit a record low.
While you’re here, have a look at how things have changed in the UK.
Read more courtesy of Expats Blog.