UAE residents have become some of the largest property owners in the UK
Benham and Reeves agency has compiled a rating of owners of the most expensive real estate in the UK. The top 5 include residents of Hong Kong, Singapore, the USA, the UAE and China. This is facilitated, among other things, by the system of granting residence permits to foreigners for investments in the country's economy.
Hong Kong residents own the most valuable real estate portfolio in the UK. In current conditions, its value is estimated at £10.8bn. They collectively own 24,759 homes in England and Wales.
Hong Kong residents own the most valuable real estate portfolio in the UK. In current conditions, its value is estimated at £10.8bn. They collectively own 24,759 homes in England and Wales.
Published on 07.08.2023
In second place are residents of Singapore. They own 15,725 homes in the country, with a combined value of £7.2bn. In third place are US residents with 11,964 homes and a portfolio worth £5.1bn.
Fourth place was taken by residents of the UAE. In the UK, they have 10,713 homes registered to them, with a portfolio valued at £ 4.6bn. Closing the top 5 are residents of China. They own 8,736 homes in the country worth a total of £4.2bn.
The top ten is rounded out by residents of Malaysia, Kuwait, Ireland, Australia and Saudi Arabia. The minimum amount of real estate in the UK is owned by residents of Turkey. They own only 914 houses.
Analysts attribute the popularity of the UK among foreigners to loyal conditions on the part of the British government. There is a special British national visa for Hong Kong residents, which allows them to live, study and work in the UK. It is issued to people who were registered as British citizens in overseas territories before 1997. It is valid for 2 to 6 years.
Fourth place was taken by residents of the UAE. In the UK, they have 10,713 homes registered to them, with a portfolio valued at £ 4.6bn. Closing the top 5 are residents of China. They own 8,736 homes in the country worth a total of £4.2bn.
The top ten is rounded out by residents of Malaysia, Kuwait, Ireland, Australia and Saudi Arabia. The minimum amount of real estate in the UK is owned by residents of Turkey. They own only 914 houses.
Analysts attribute the popularity of the UK among foreigners to loyal conditions on the part of the British government. There is a special British national visa for Hong Kong residents, which allows them to live, study and work in the UK. It is issued to people who were registered as British citizens in overseas territories before 1997. It is valid for 2 to 6 years.
For all the others, including residents of the United Arab Emirates, the country has a Tier 1 Investor visa, which allows property owners to obtain a residence permit through investment in the UK economy. The minimum investment starts at £2m. It also allows visa holders to stay in the country and live, study or work for a period of 3 years and 4 months.
Whether you’re looking to invest or buy a property in the UK for personal use, we’re here to help
Amit Seth
Managing Director