Brexit: UK property searches from overseas buyers have steadily increased


Searches from overseas buyers on property portal Placebuzz amounted to 6.2% of all activity during the first three months of 2019, compared to 3.6% in January to March 2016.

Since the UK voted to leave the EU in June 2016, there has been marked growth in overseas buyers showing interest in the UK property market. Overseas buyers and investors are looking to capitalise on the weak pound and softening property prices amidst the continued uncertainty surrounding Brexit.

Neil Tillott, business director of Placebuzz, commented: “Foreign buyers view the impact of Brexit on house prices and the value of sterling as a rare opportunity to buy into the market at favourable prices, with a long-term view.”

US investors lead the way

According to Placebuzz, the most searches from overseas buyers are coming from those in the US. During the first quarter of 2019, nearly 50,000 searches were made by US investors and home hunters.

Buyers from Spain, Ireland, Australia, and South Africa followed the US, showing there’s a global interest in the UK property market.

“With sterling currently worth around 12% less against the dollar than pre-referendum, buying UK property is a very shrewd move for foreign investors looking to secure a bargain,” Neil Tillott stated.

Overseas investors show interest in regional cities

On the Placebuzz portal, overseas buyers and investors are searching for properties in Birmingham and Glasgow the most, revealing many are putting a focus on buying property in regional cities.

London is the third most sought-after location and Manchester follows behind the capital. Overseas flights to and from Manchester have boosted interest in the city’s property market. Direct flights connecting the city with Asia and the Far East have made it easier for potential investors, tourists, and students to reach the city.

Regional cities are likely to see continued interest from overseas investors as many of the locations have more affordable property prices and higher yields than London.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

Brexit: UK property searches from overseas buyers have steadily increased

Brexit: UK property searches from overseas buyers have steadily increased


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.