{"id":121492,"date":"2021-08-17T11:05:33","date_gmt":"2021-08-17T04:05:33","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/paying-cash-for-your-uk-home-beware-of-some-unintended-consequences\/"},"modified":"2021-08-17T12:16:23","modified_gmt":"2021-08-17T05:16:23","slug":"paying-cash-for-your-uk-home-beware-of-some-unintended-consequences","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/paying-cash-for-your-uk-home-beware-of-some-unintended-consequences\/","title":{"rendered":"Paying cash for your UK home? Beware of some unintended consequences"},"content":{"rendered":"


\nSince the UK government decided to grant residency rights to nearly three million eligible Hongkongers, many of the city\u2019s residents have been hunting for properties all over the country.Last year, about 30 per cent of homes around the Greater London area were sold to international investors. Buyers from Hong Kong alone bought 8 per cent of prime central London homes, or four times more than a year earlier.The number hit a record, making Hongkongers the joint second biggest buyer group in that\u2026
\n
\nSource : South China Morning Post
\nRead more…Paying cash for your UK home? Beware of some unintended consequences<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Since the UK government decided to grant residency rights to nearly three million eligible Hongkongers,...<\/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-121492","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-vBy","jetpack-related-posts":[{"id":119321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hongkongers-rush-for-uk-property-beware-of-this-40-per-cent-inheritance-tax-pain\/","url_meta":{"origin":121492,"position":0},"title":"As Hongkongers rush for UK property, beware of this 40 per cent inheritance tax pain","date":"November 24, 2020","format":false,"excerpt":"\r UK property continues to benefit from strong interest from foreign investors, especially those from Hong Kong seeking a path to citizenship. London, specifically, has always been attractive, as it consistently features among the top three cities in the world for prime property investments.\r\rAsian investors are driving this trend, as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120668,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residents-buy-us1-3-billion-worth-of-homes-in-london-after-uk-opened-path-to-citizenship-in-july\/","url_meta":{"origin":121492,"position":1},"title":"Hong Kong residents buy US$1.3 billion worth of homes in London after UK opened path to citizenship in July","date":"April 27, 2021","format":false,"excerpt":"\r Nine months since the UK offered millions of Hongkongers a path to citizenship, the residents of its former colony have bought \u00a3959 million (US$1.3 billion) worth of homes in London, according to a leading property agency.\r\rBetween July 2020 and March 2021, Hongkongers bought 1,932 units or 4 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-bound-bno-passport-holders-to-find-third-of-london-homes-listed-for-sale-available-at-20-per-cent-discount\/","url_meta":{"origin":121492,"position":2},"title":"UK-bound BN(O) passport holders to find third of London homes listed for sale available at 20 per cent discount","date":"August 10, 2021","format":false,"excerpt":"\r It is a good time for Hongkongers moving to the UK under the British National (Overseas) scheme to buy a home in London, with about a third of the homes listed for sale in the UK capital seeing their asking prices fall 20 per cent recently.About 35,000 homes, or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-heading-to-uk-under-bno-visa-scheme-undeterred-by-end-of-stamp-duty-holiday-surging-home-prices\/","url_meta":{"origin":121492,"position":3},"title":"Hongkongers heading to UK under BN(O) visa scheme undeterred by end of stamp duty holiday, surging home prices","date":"July 21, 2021","format":false,"excerpt":"\r The end of a stamp duty holiday and surging home prices are unlikely to deter Hongkongers from continuing to buy properties in the UK as they move there under the British National (Overseas) scheme, according to analysts.Since the beginning of this month, London has imposed a minimum 5 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cambridge-manchester-homes-provide-more-bang-for-your-buck-than-london-for-hongkongers-heading-to-britain-under-bno-visa-scheme-say-analysts\/","url_meta":{"origin":121492,"position":4},"title":"Cambridge, Manchester homes provide \u2018more bang for your buck\u2019 than London for Hongkongers heading to Britain under BN(O) visa scheme, say analysts","date":"June 2, 2021","format":false,"excerpt":"\r The cities of Cambridge and Manchester may offer better value than London to Hongkongers looking to find a home in Britain as they emigrate under the British National (Overseas) visas scheme, according to analysts.Average home prices in Cambridge in the south of England grew 4 per cent in March\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119265,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-emerge-as-some-of-the-busiest-buyers-of-uk-homes-as-they-snap-up-property-ahead-of-exodus-by-bno-passport-holders\/","url_meta":{"origin":121492,"position":5},"title":"Hongkongers emerge as some of the busiest buyers of UK homes, as they snap up property ahead of exodus by BN(O) passport holders","date":"November 18, 2020","format":false,"excerpt":"\r Hong Kong\u2019s residents have emerged as some of the busiest and most aggressive buyers of London homes, as they made a beeline to snap up residential real estate ahead of a January 2021 application process that opens the path to the right of abode and full citizenship in Britain.Hongkongers\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\/121492"}],"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=121492"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121492\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}