Hong Kong immigrants under the British National (Overseas) scheme are more likely to rent when they first set foot in the United Kingdom than rushing into buying residential property, brokers said.They are also unlikely to rush into purchase commitments ahead of the end of a stamp duty holiday in October, or be persuaded by the biggest plunge in average home prices in nearly 30 years in July, agents said.“Most Hongkongers [emigrating] to the UK are doing so on a long-term basis and the option…
Source : South China Morning Post
Read more…Hong Kong’s BN(O) emigrants are more likely to rent in the UK than buy, even as a stamp duty holiday ends and home prices plunge
