The non-dom regime ends in April. PCL pricing has already started to absorb it.

From April, the remittance basis is replaced by a four-year FIG regime. Long-term residents lose the structural reason to hold UK residential property through offshore wrappers.

Expect orderly disposals, not a wave. The market most exposed is £15M+ lateral stock in W1, SW1 and SW3 — historically the deepest non-dom segment.