16 August 2018
Proportion of overseas based landlords halves since 2010
- The proportion of homes let by an international landlord in Great Britain halves from 13% in H1 2010 to 6% in H1 2018.
- More than one in ten London homes (12%) were owned by an overseas based landlord in H1 2018. This is up 5% since H2 2017, but remains down from a peak of 20% in H2 2011.
- Yorkshire and Humber have the second highest number of overseas landlords after London
- The average cost of a new let in Great Britain rose to £964 pcm in July 2018, up 0.2% year-onyear.
In H1 2018 the proportion of international based landlords in Great Britain fell to 6%, a record low. Hamptons International’s Monthly Lettings Index shows that the proportion of rental homes let by a landlord based overseas has halved since H1 2010 when our records began. In H1 2010 13% of homes let in Great Britain were owned by an overseas landlord, more than double the proportion in H1 2018 (6%). Over the last year the proportion of homes let by an international landlord has fallen a further 2%, a record low across Great Britain. (see table 1)
TABLE 1: Proportion of homes let by an international landlord
London has seen a pickup in international based landlords this year. The proportion of London homes let by an overseas landlord peaked at 20% in H2 2011, but fell back to 7% in H2 2017 – the lowest point on record. However, unlike the GB average, London saw a 5% rise in the proportion of homes let by an overseas landlord between H2 2017 and H1 2018. (table 1 above).
In H1 2018 more than one in ten (12%) homes let in the capital were owned by an overseas based landlord, followed by 8% in Yorkshire and Humber, to display the highest proportion in the country. While at 3%, the East Midlands has the lowest. (see table 2)…