HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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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 average rent has now risen above £800 per month across England and Wales.
New research saw average rental figures in July hit £804, up from £789 in the previous month - an increase of 1.9%. This is the fastest month-on-month rise since records began in 2009.
Tourists from Hong Kong and mainland China have started a trend. As London becomes too costly, Manchester – beneficiary of “northshoring” – has emerged as an attractive destination.
While UK and Australia properties gives decent rental income and impressive capital appreciation, Hong Kong investors target them also for their next generation.
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 15 December 2021, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.15 percentage points, to 0.25%.