Twenty-three thousand properties in the UK countries of England and Wales are reportedly owned by firms registered in the British Virgin Islands.
According to a BBC analysis published this week, 11,700 of the firms registered in the BVI own those 23,000 properties in the UK.
The BBC reports that no other country owns more properties in England and Wales than the BVI.
BVI’s ownership of properties in England and Wales makes up a quarter of the overall 97,000 properties owned by overseas territories in those two UK countries.
The BBC revealed that the overseas country with the second most properties in England and Wales is Jersey.
Following behind are Guernsey, the Isle of Man, and Hong Kong.
According to the findings, the combined value of the aforementioned properties well exceeds £50 billion.
The report comes amid continued claims from the international community that the BVI is a tax haven. The Government of the Virgin Islands has ardently refuted those claims.
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