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Methodological improvements to UK foreign property investment statistics
New methodology to measure ownership of foreign property by UK households and estimates the value of property owned at end 2003 to be £23 billion.
This article presents new methodology to measure ownership of foreign property by UK households. It is based on the Office of the Deputy Prime Minister's (ODPM) Survey of English Housing (SEH). The new methodology estimates the value of foreign property ownership in 2003/04 to be just above £23 billion - more than double the estimate for 1999/00. Investment is highest in Europe, with Spain and France being the preferred locations for investment.