The proportion of homes let by an overseas landlord has more than halved in eight years GETTY IMAGESOverseas landlords have been deserting Britain owing to higher taxes, slowing house price growth and shrinking rental income on the back of the weak pound since the Brexit referendum. Hamptons International, the estate agent, said that the proportion of homes let by an overseas landlord had more than halved in eight years, from 14.4 per cent in 2010 to 5.8 per cent. London has experienced the biggest drop, from 26 per cent to 10.5 per cent in that time, with the share falling by 4.7 percentage points in the past two years. The decline comes after a series of tax changes designed to deter foreign ownership. An annual tax on properties owned through a company, a method often used by foreign buyers, was introduced in…

Source: The Times December 18, 2018 00:00 UTC