Expat and foreign landlords are leaving the UK buy to let market in huge numbers, according to new data.
In 2010, landlords based overseas owned 15.5% of the UK’s private rented homes.
But this number has plunged by more than half to a record low of just 5.8% in 2018, says data from top-end estate agency Hamptons International.
The rush to quit is nationwide, with every region reporting a downturn in foreign buy to let ownership.
The impact is biggest in London.