Any interest rate hike in the United Kingdom is unlikely to have a significant impact on home prices, offering a limited upside for Hongkongers who are looking to move to Britain under the British National (Overseas) (BN(O)) scheme and buy property there, according to analysts and agents.The UK is poised to hike interest rates from the current record low of 0.1 per cent sooner than expected, as consumer prices have been climbing steadily and are likely to peak at 5 per cent in April next year,…
Source : South China Morning Post
Read more…Rising UK interest rates unlikely to lead to the price drop some Hongkongers are waiting for, analysts say