HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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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.
The unstable pound has contrived to aid the property market after Brexit, as overseas investors have made an ever-increasing number of overtures and investments in British property.
Hong Kong residents are buying more houses and apartments to lease out for income in Britain, and have became the fifth largest foreign investors in central London as of last August, driving up prices in some popular districts outside the UK capital.
Manchester and Birmingham set for faster growth than rest of the country as property value rises in northern England.
Below is the summary of measures announced by Chancellor Rishi Sunak in the Budget.