The UK Offers A Safe Haven For Property
Investments for Hong Kong Investors
With the recent unrest in Hong Kong, wealthy Chinese residents are
becoming worried about the city's status as a safe haven for their
investments.
Hong Kong has long had a special status and unique
privileges within China for the purchase of property,
shares, and insurance.
With plans to impose a national security law on Hong
Kong, this has left residents worried about the future of
their investments there.
While Hong Kong residents have always been
keen property investors with many buyers
invested in properties in London, the recently
proposed changes to the UK visa system made
by PM Boris Johnson is very much in favour of
Hong Kong residents.
The new path to British citizenship
offered by the UK government to Hong
Kong residents certainly adds to the
many benefits and reasons why people
already choose to buy there.
Since the announcement, there has been a huge surge of interest in British
National Overseas passports that allow the holders to travel under British
consular protection.
Boris Johnson announced that the UK
would change its immigration rules if
China pushed ahead with a national
security law in Hong Kong.
In contrast, the Hong Kong dollar has
been performing strongly, so UK property
investments make much better value for
money.
With extremely low interest rates, borrowing for UK mortgages
is far more affordable than for Hong Kong real-estate.
The majority of interest is for London property,
but Manchester, Birmingham, and Liverpool
are now seeing a spike in interest from parties
that are looking at this as an investment with
the scope to live and work in the UK.
Northern cities, particularly
Manchester and Liverpool, are the
second and third most popular cities
after London for many Chinese
buyers.
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