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PeteHK

Can't Sell In The Uk? Try Hong Kong!

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First post here, from a short-time lurker.

I'm always amused when I see foreign property being marketed in HK, I've always regarded such tactics as a sure-fire sign of desparation on the part of seller. Earlier this year we had NZ property exhibitions, a couple of years ago we had Thai property, and now we have property 'clubs' in the UK being advertised here.

Saw an advert purporting to be an article yesterday in the money section of the Sunday Morning Post (sorry, no link, you'll have to register to read it). The 'article' was extolling the virtues of an investment club in the UK being run by Instant Access(?) and provided figures for a sample development in Liverpool (one bed flats, if I recall). The 'club' seems to be targeting the expat community, as I also saw a brief television advert last night - something like 2,500 quid to do the course (but this will rise to about 5,000 in 6 month's time!).

The prices being asked for the development were not too far off what you would pay for a similar-sized flat here (granted, the area here would not be very convenient or desireable). However, the outlook for the market here is very different to that for the UK.

Haven't heard anyone talking about this here yet, but if I do I'll direct them to this site.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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