London has remained the most desirable UK location among overseas buyers, according to Pure Property Finance.

The financial company outlined that foreign companies now own 95,878 properties in England and Wales.

Of the top ten locations, eight are located in London, with the City of Westminster taking the top spot with 10,938 properties owned by foreign companies.

Opportunity knocks for lenders who fill market gaps

Manchester and Liverpool also feature, with 1,770 and 1,516 owned by foreign buyers, respectively.

According to data collected by the Land Registry, companies registered in the British Virgin Islands owned the largest amount of properties, at 22,142.

This was followed by Jersey at 20,968, and Guernsey at 12,308.

Ben Lloyd, managing director of Pure Property Finance, said: “Since we set up Pure in 2013, we have worked with clients across the UK and abroad to secure bespoke property finance that suits their specific project needs.

“In this time, we have definitely seen some ‘hotspots’ for investment, particularly in London and the South East, along the M4 corridor, as well as cities in the North West.

“Some of these areas are now becoming oversaturated and do not provide the opportunities they once did. However, others remain in high demand; high value locations will almost always hold their value and bring a solid long-term return on investment.”