Property News · May 26, 2021

Many Hongkongers pay three to four times more in British hotels and short leases if they don’t line up property before emigrating


A growing number of Hongkongers leaving for Britain under the British National (Overseas) passports scheme are ending up in short-term housing that typically cost more than traditional flats because of the scarcity of readily available abodes, according to a leading property agency.Short-term leases can cost between 16.8 per cent and 76.2 per cent more than traditional flats, according to Marc von Grundherr, director of property agency Benham and Reeves. Delays in the sales and purchase process…

Source : South China Morning Post
Read more…Many Hongkongers pay three to four times more in British hotels and short leases if they don’t line up property before emigrating

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