HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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When Investing in real estate in the UK, many will question which UK cities are the best to invest in and what taxes are involved? In an interview, our director, Charles Wong, pointed out that the rate of return is usually inversely proportional to the "centre" of the region, meaning that the closer to the city centre, the lower the rate of return.
While Brexit has caused GBP to falter, Hong Kong real-estate tycoons have been quick to take advantage of the weakened currency to start building their property empire in the UK
Under the new British government plan – which will be put in place when Beijing formally enacts the law – every one of the 3 million Hongkongers who qualify for a British National (Overseas) passport and their dependents could relocate to the United Kingdom to stay and work or study for extendable periods of 12 months, creating a path to citizenship.
Hong Kong Bill 2019-21 passed First Reading through the House of Commons of UK, it reveals that Hong Kong BN(O) passport holders might be granted the right of abode and even more if the bill passes eventually.
The UK Home Secretary has asked that the UK should grant BN(O) passport holders and their family dependents in Hong Kong the right to enter and reside in the UK, with a pathway to settlement after 5 years and the right to apply for citizenship.