Singaporeans and Malaysians are two of the 10 largest groups of international homeowners across England and Wales.
Those from the city-state rank second, accounting for 16,096, or 7.9%, of the 202,568 internationally owned homes across the two U.K. constituent countries, EdgeProp Singapore reported on Monday, citing the latest market analysis by Enness Global, a mortgage broker that caters to high-net-worth individuals.
They are also the second largest group of overseas homeowners in London, which has the most internationally owned homes – at 68,729 or 33.9% of the total.
Malaysians rank sixth across England and Wales with 9,936 homes, or 4.9% of the total. They top the list in both the East Midlands and the East of England.
Singapore and Malaysia are the only two Southeast Asian countries in the top 10.
The report tracks the number of homes registered with the Land Registry using an overseas correspondence address. The total figure across the two U.K. countries edged up just 0.02% from a year ago, according to U.K. newspaper Daily Express.
Hong Kong buyers form the biggest group of overseas homeowners across England and Wales, making up 13.8% of foreign-owned properties. They also top the list in multiple regions, including London, the North West, Yorkshire and the Humber, and the West Midlands.
The U.S. (6.8%), the UAE (5.9%) and China (5.8%) rounded out the top five. The rest of the top 10 comprises Ireland (4.6%), Australia (4.5%), Kuwait (3.9%) and Saudi Arabia (3.5%), per U.K.-based publication Property Soup.
Last November, annual house price growth in the U.K. rose to 2.5% from 1.9% a month earlier, marking the first acceleration in five months.
This signals a steadying housing market, with property agents growing more upbeat about the outlook this year, Bloomberg reported.
In London, house prices rose in November for the first time in seven months, up 1% to £553,700 (US$742,150), according to the Office for National Statistics.
The city is still the only region posting a year-on-year decline, but the rate of decrease slowed to 1.2%, the mildest since August.
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