{"id":120332,"date":"2021-02-11T15:00:14","date_gmt":"2021-02-11T08:00:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-buyers-partly-responsible-for-driving-uk-house-price-affordability-to-its-worst-level-in-10-years\/"},"modified":"2021-02-11T15:17:25","modified_gmt":"2021-02-11T08:17:25","slug":"hong-kong-buyers-partly-responsible-for-driving-uk-house-price-affordability-to-its-worst-level-in-10-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-buyers-partly-responsible-for-driving-uk-house-price-affordability-to-its-worst-level-in-10-years\/","title":{"rendered":"Hong Kong buyers partly responsible for driving UK house price affordability to its worst level in 10 years"},"content":{"rendered":"


\nA combination of foreign demand, including those from emigrating Hongkongers, and a rush to beat the impending property tax, pushed UK home prices to their most unaffordable level in 10 years, according to a study by a London-based real estate agency.Benham and Reeves analysed the average house price to income ratio based on average property values and the average net salary over the last 10 years. While the average net salary in the UK grew to \u00a325,123 (US$34,480) in 2020, the average house\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong buyers partly responsible for driving UK house price affordability to its worst level in 10 years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A combination of foreign demand, including those from emigrating Hongkongers, and a rush to beat...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120332","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-viQ","jetpack-related-posts":[{"id":41873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-has-been-the-worlds-least-affordable-city-for-seven-years-in-a-row\/","url_meta":{"origin":120332,"position":0},"title":"This has been the world\u2019s least affordable city for seven years in a row","date":"January 25, 2017","format":false,"excerpt":"\r A slightly less expensive encore after a record 2015 Hong Kong SAR at night. cozyta\/Shutterstock Hong Kong has topped the 13th edition of Demographia\u2019s annual housing affordability survey, marking seven consecutive years of unbeatable home price to income ratios. It received a \u201cseverely unaffordable\u201d mark from the research house\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-property-mania-inflates-prices-of-even-the-tiniest-flats-putting-affordability-beyond-reach-for-most-first-time-buyers\/","url_meta":{"origin":120332,"position":1},"title":"Hong Kong\u2019s property mania inflates prices of even the tiniest flats, putting affordability beyond reach for most first-time buyers","date":"October 19, 2021","format":false,"excerpt":"\r A real estate bull market in Hong Kong, the world\u2019s most expensive major city for 10 consecutive years until 2019, has trickled over to inflate the prices of even the smallest habitable homes.The average cost of new micro-apartments, or flats smaller than 200 square feet (18.6 square metres), rose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-is-still-top-for-chinese-buyers-with-a-few-differences\/","url_meta":{"origin":120332,"position":2},"title":"UK property is still top for Chinese buyers, with a few differences","date":"February 1, 2017","format":false,"excerpt":"\r China\u2019s HNWI continue to snap up London real estate at the lowest prices in a decade London\u2019s still got it, but the areas outside the cookie cutter are seeing more Chinese interest. Image: emka74\/Shutterstock With a population of 1.4 billion, China presents a huge opportunity for UK property investment.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-first-time-buyers-in-best-position-to-snap-up-property-in-a-decade-data-shows\/","url_meta":{"origin":120332,"position":3},"title":"UK first-time buyers in best position to snap up property in a decade, data shows","date":"December 5, 2025","format":false,"excerpt":"\r Halifax says average price of house was a record \u00a3299,892 in November but that affordability is at its strongest since 2015Business live \u2013 latest updatesBuyers attempting to get on to the property ladder in the UK have received a lift, after figures from Halifax showed they are in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-price-of-a-new-home-in-hong-kong-dropped-by-25-per-cent-or-us478000-last-year-to-lowest-level-since-2015-as-protests-killed-demand\/","url_meta":{"origin":120332,"position":4},"title":"Average price of a new home in Hong Kong dropped by 25 per cent, or US$478,000, last year to lowest level since 2015 as protests killed demand","date":"January 9, 2020","format":false,"excerpt":"\r The average price of a new flat in Hong Kong fell by a quarter last year to the lowest level since 2015, as months of civil unrest battered market sentiment.The anti-government protests, which started in June and became increasingly volatile, deterred buyers and caused the price of a new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-flat-in-july-says-lloyds-as-buyers-struggle-with-affordability\/","url_meta":{"origin":120332,"position":5},"title":"UK house prices flat in July, says Lloyds, as buyers struggle with affordability","date":"August 7, 2026","format":false,"excerpt":"\r Property prices in \u2018suspended animation\u2019 owing to higher mortgage rates and uncertainty in Middle EastBusiness live \u2013 latest updatesUK house prices were broadly stagnant in July as prospective buyers were squeezed by higher mortgage rates, uncertainty around the Middle East and stretched affordability, according to the lender Lloyds.The average\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120332"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120332"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120332\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}