It will come as no surprise that a lot of property in London is owned by persons and companies not from the UK. As the world’s leading financial city, it is a global entity, and will bring global investment as a result. But have you ever wondered how much of London property is owned by offshore companies, specifically?
Well, now we have the answer. As a result of the heightened interest in offshore companies, and frustration by the UK public of the tax haven benefits they receive, more news is coming out, this time focused on property in London.
In a report by The Guardian, it is revealed that 40,000 properties are now owned by offshore companies. This is a 9% increase, in the last year, and shows no stopping due to the recent negative press. The heart of London, Westminster, is coming out on top, with 10% of property in the area owned by companies set up in tax havens.
This might get you wondering about the rest of the UK. While London is the beating heart of global opportunity, the whole of the UK is a property opportunity for investors. Take a look at this full breakdown of offshore owned property across the UK (infographic by The Guardian).
These are some big figures, and likely to shock a great deal of the general public. It showcases the real need for investors to consider PR not just following investments and for ongoing reputation management, but when choosing which investments to make.
If you need help with PR, reputation or crisis management, get in touch – our PR experts can help.