According to research by UK property group
Companies in the Isle of Man own more than 10,000 properties in England and Wales - worth almost £4.5 billion.
That's according to research commissioned by the UK based Stripe Property Group.
Significant though the figure is it's dwarfed by the British Virgin Islands and Jersey.
BVA companies have the most valuable stock in England and Wales with a value of £13.2 billion - followed closely by Jersey which has more properties but with a slightly lower valuation.
The research has been published in the web-based magazine Landlord Today.
In total it's claimed that more than 80,000 homes across England and Wales are registered to companies in offshore Islands - referred to by the magazine as 'tax havens'.
The Isle of Man sits fourth in the table just behind Guernsey but ahead of Luxembourg, Singapore and Hong Kong.
Meanwhile Cayman Islands companies are currently the most active when it comes to buying property in England and Wales with a jump of 4.8 per cent - or 66 properties - in the last 12 months.
Stripe Group Managing Director James Forrester says that while such practices are legal one would think the provision of housing stock for the domestic population would be the UK Government's first priority and it would curb the ability for such practices to take place.
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