Hong Kong emigration may trigger $19bn of home sales

clock • 1 min read

Hong Kong homeowners may sell as much as HK$150 bn ($19.3bn) worth of property this year when residents emigrate to the UK. An estimated 13,100 to 16,300 households will move to the UK via their British National (Overseas) visas in 2021, Bloomberg Intelligence analyst Patrick Wong said in a report today (27 April). The number represents 0.9% to 1.1% of households living in privately owned homes. If all of them sell their properties to fund their move and living costs, they could gene...

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