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Since 2009, full-year foreign investment in UK real estate amounted to at least US$6.4 billion. In 2016, after the Brexit vote, foreign spending tumbled by 65 per cent to US$7.7 billion from US$22 billion the previous year. In 2018, the foreign investment amounted to US$15.9 billion. Cross-border spending on UK property – residential, non-residential, other real estates, real estate management and development, Reits, hotels and lodgings – reached US$598.3 million in the March quarter of 2019, a tenth of the US$5.9 billion reported in the fourth quarter of 2018, and a fifth of US$3.3 billion reported in the first quarter of 2018.
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