A survey by Skipton International has found 85% of British expats would not be put off investing in buy-to-let property in the UK.

Recent changes such as the introduction of a 3% stamp duty levy on buy-to-let properties, and the future removal of mortgage interest rate relief for landlords would only put 15% of potential overseas buyers off investing in buy-to-let property in the country.

The survey found that 87% of overseas buy-to-let investors expect their rental income to increase or stay the same for the next 12 months, while 70% of investors expect the value of their property to increase over the next 12 months.

Skipton International surveyed over 150 British expats between March-April 2016. Of those questioned, 35% said long-term investment was their main reason for investing in buy-to-let properties in the UK. Other reasons included pension planning (19%), a desire to remain invested in UK property (12%), rental income, and difficulties or reluctance to buy in their country of residence (both 10%).

Although UK property is still clearly a popular choice for British expats, 75% of those surveyed also believe the government is making UK property less attractive to overseas investors.

Out of various measures introduced by the government, 38% of those surveyed said the introduction of the 3% stamp duty levy was the main reason that would put them off investing in, or increasing their investment in UK buy-to-let. 25% cited the removal of interest rate relief for landlords as the most off-putting factor, followed by 11% fearing the UK is generally becoming less landlord-friendly.

Jim Coupe, managing director of Skipton International, said: “”The UK continues to be a popular place for overseas investors. This survey shows that British expats view UK property as a long term investment. Although recent changes may discourage a small number of investors, the vast majority are still confident about investing in UK buy-to-let.”