The UK's proportion of homes owned and let out by landlords living abroad is 11% which has risen from 7% twelve months ago.

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A leading UK and International estate agent produced the statistics and report which shows this is the first time since 2010 that there has been a year on year increase in the number of overseas landlords' properties being let.

Areas in the South, the East of England and the capital are the preferred regions for overseas landlords' investment, with major increases of rented homes owned by them being let.

The East of England and London's proportion of homes let by overseas investors increased year on year by 8%. The North East and South East both recorded a year on year increase of 7%.

London had the highest proportion of homes let by overseas based landlords with 18%, increased from 10% year on year.

One of the main reasons for the increase in overseas based landlords lets is the depreciation of sterling, which of course is making it far cheaper to buy a UK property than it was since 2014.

The other advantage of the pound's fall is that it more than compensates for the stamp duty surcharge.

The average UK home cost £53,065 around 23% lower than it did in 2014 for a US dollar buyer because of the pound's drop with the stamp duty of £9,140.

A US dollar buyer when buying an average property in London could expect to save £107,030 in comparison against 2014.

The largest numbers of overseas BTL investors is 33% from Western Europe, but since 2014 Northern American investors has the largest influx for letting out homes in the UK accounting for 14%, which has risen since 2014 by 1.9%.

Overseas landlords who live in Africa, Eastern Europe and Oceania have also risen since 2014; however the proportion of BTL Investors form the Middle East has fallen by 2.4% since 2014 and now stands at 9%.