Hongkongers have emerged as among the most aggressive buyers of UK property, snapping up more than £305.6 million (US$430 million) of prime London homes in 2020. This trend is expected to continue under a new wave of emigration, as BN(O) passport holders are allowed to live in the UK under the new visa scheme.While such a buying frenzy can be partly attributed to impulsiveness since very little down payment is required to be a UK landlord, the aftermath – in the form of a mortgage – can be a…
Source : South China Morning Post
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