I agree katy in general with your view that there are no emerging markets, next best thing etc, however I don’t think this is the time to invest in the UK either for a year or two as property is expected to fall a lot further in that time.
B to L investors have contributed to inflated prices and many will shift their stock. A couple in Kent (the Wilsons) own 700 homes (not flats), they took them out of the market getting big discounts for themselves, then rented them to priced out 1st time buyers who would have been forced to pay the Developers’ higher prices. The Wilsons are now worried, and are reported to be imminently shifting at least 300 of these properties. This could snowball in the UK dragging other homes down.
They are just one multiple investor in trouble.