TheCountOfNowhere Posted March 4, 2021 Share Posted March 4, 2021 I've seen some s**t on my time here but this takes the biscuit, they are trying to create a panic the day after sunak tries to prop up the bubble https://twitter.com/i/events/1367446847124627461 Hong Kong residents buy up UK property ahead of immigration surge Hong Kong residents are buying into the UK property market ahead of an expected immigration surge. Residents have bought four times as many luxury London properties compared to 2019, as visa changes are set to spark an immigration increase Around 2.9 million Hong Kong residents currently hold BNO status, with a further estimated 2.3 million eligible dependants. The Home Office predicts more than 300,000 BNO status holders will come to the UK over the next five years Every get the feeling you're being shafted ? Quote Link to comment Share on other sites More sharing options...
Huggy Posted March 4, 2021 Share Posted March 4, 2021 (edited) 55 minutes ago, TheCountOfNowhere said: I've seen some s**t on my time here but this takes the biscuit, they are trying to create a panic the day after sunak tries to prop up the bubble https://twitter.com/i/events/1367446847124627461 Hong Kong residents buy up UK property ahead of immigration surge Hong Kong residents are buying into the UK property market ahead of an expected immigration surge. Residents have bought four times as many luxury London properties compared to 2019, as visa changes are set to spark an immigration increase Around 2.9 million Hong Kong residents currently hold BNO status, with a further estimated 2.3 million eligible dependants. The Home Office predicts more than 300,000 BNO status holders will come to the UK over the next five years Every get the feeling you're being shafted ? That's okay. We got rid of 1.2m apparently in 2020. Give and take, shaft and get shafted, ride the waves up and down. Edit. But you're right, they are trying to create panic buying, bless. Edited March 4, 2021 by Huggy Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 4, 2021 Share Posted March 4, 2021 4 hours ago, TheCountOfNowhere said: I've seen some s**t on my time here but this takes the biscuit, they are trying to create a panic the day after sunak tries to prop up the bubble https://twitter.com/i/events/1367446847124627461 Hong Kong residents buy up UK property ahead of immigration surge Hong Kong residents are buying into the UK property market ahead of an expected immigration surge. Residents have bought four times as many luxury London properties compared to 2019, as visa changes are set to spark an immigration increase Around 2.9 million Hong Kong residents currently hold BNO status, with a further estimated 2.3 million eligible dependants. The Home Office predicts more than 300,000 BNO status holders will come to the UK over the next five years Every get the feeling you're being shafted ? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 4, 2021 Author Share Posted March 4, 2021 17 minutes ago, Si1 said: Looks like an accidental landlord who's overpaid for a house on Milton Keynes Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted April 27, 2021 Share Posted April 27, 2021 I assume most will want to stay in London. Apparently they are looking at converting unused office space into city centre appartments... Quote Link to comment Share on other sites More sharing options...
Wayward Posted May 5, 2021 Share Posted May 5, 2021 https://uk.finance.yahoo.com/news/london-property-markets-real-estate-hong-kong-uk-visa-china-economy-142213388.html Hong Kong citizens rush to buy London houses after UK government opens doors... Another desperate ploy by Johnson to support or inflate prices of houses. [but HKers aside- transactions are well down] Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 5, 2021 Share Posted May 5, 2021 14 minutes ago, Wayward said: https://uk.finance.yahoo.com/news/london-property-markets-real-estate-hong-kong-uk-visa-china-economy-142213388.html Hong Kong citizens rush to buy London houses after UK government opens doors... Another desperate ploy by Johnson to support or inflate prices of houses. [but HKers aside- transactions are well down] Shot up from a small number to a slightly less small number Quote Link to comment Share on other sites More sharing options...
satsuma Posted May 5, 2021 Share Posted May 5, 2021 Quick everyone, buy buy buy, the only way is up for property, get yours or you will miss the boat. Usual peak of the peak clap trap, to be soon followed by tears at bedtime and crys of where did we go wrong and who is going to bail us out, wha wha. I do think these unfortunates are needed as fresh fodder for the London economy, no matter if they get shat out the **** of the meat grinder. Plenty more that can be found once the reset button is hit and we work towards the next peak. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted May 5, 2021 Share Posted May 5, 2021 It feels like late 87’ - I give it to Christmas. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted May 5, 2021 Share Posted May 5, 2021 3 hours ago, Wayward said: https://uk.finance.yahoo.com/news/london-property-markets-real-estate-hong-kong-uk-visa-china-economy-142213388.html Hong Kong citizens rush to buy London houses after UK government opens doors... Another desperate ploy by Johnson to support or inflate prices of houses. [but HKers aside- transactions are well down] So the OP was wrong. Yet again. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted May 5, 2021 Share Posted May 5, 2021 It gets clicks. That's all they care about. Don't click. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 5, 2021 Share Posted May 5, 2021 Just had a couple of hours of casual surfing RM in between work assignments...I think the boom is running out of steam. I found 16 recent reductions over 20% in one session. Most noticeably the price hikes are done. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted May 6, 2021 Share Posted May 6, 2021 16 hours ago, Roman Roady said: Just had a couple of hours of casual surfing RM in between work assignments...I think the boom is running out of steam. I found 16 recent reductions over 20% in one session. Most noticeably the price hikes are done. 2 houses that we were due to view tomorrow just sold for cash. So people have plenty of spare cash floating around. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 6, 2021 Share Posted May 6, 2021 14 minutes ago, MonsieurCopperCrutch said: 2 houses that we were due to view tomorrow just sold for cash. So some people have plenty of spare cash floating around. Changed for accuracy from my perspective. Lets wait until the furlough free money bonanza finishes and see how the land lies then. Quote Link to comment Share on other sites More sharing options...
Voice of Doom Posted May 6, 2021 Share Posted May 6, 2021 1 hour ago, Roman Roady said: Changed for accuracy from my perspective. Lets wait until the furlough free money bonanza finishes and see how the land lies then. Yep. And thanks again for all your scouring of RM. I love the strictness of the 20% rule! And thanks to @TheCountOfNowherefor the Property Lion update. London figures interesting indeed. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 6, 2021 Share Posted May 6, 2021 1 hour ago, Voice of Doom said: Yep. And thanks again for all your scouring of RM. I love the strictness of the 20% rule! Its difficult sometimes. Heres one that hasnt made the grade...19.2% off of a flat in Sheffield. https://www.rightmove.co.uk/properties/100012133#/ Price Change History 06/05/2021 Price changed from £110,000 to £105,000 30/03/2021 Price changed from £130,000 to £110,000 19/11/2020 Initial entry found: £130,000 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2021 Author Share Posted May 6, 2021 2 hours ago, Voice of Doom said: Yep. And thanks again for all your scouring of RM. I love the strictness of the 20% rule! And thanks to @TheCountOfNowherefor the Property Lion update. London figures interesting indeed. No worries, VoD, I hope to be the first to break the good news to the torograph stenographers when prices fall off a cliff Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 6, 2021 Author Share Posted May 6, 2021 On 05/05/2021 at 16:13, Wayward said: https://uk.finance.yahoo.com/news/london-property-markets-real-estate-hong-kong-uk-visa-china-economy-142213388.html Hong Kong citizens rush to buy London houses after UK government opens doors... Another desperate ploy by Johnson to support or inflate prices of houses. [but HKers aside- transactions are well down] I posted somewhere about HKers being refuse visas to leave China. I smell war and we aint gonna win it Quote Link to comment Share on other sites More sharing options...
Freki Posted May 6, 2021 Share Posted May 6, 2021 I read as well somewhere they have to request permission from the embassy in order to get the funds across. There is a de facto control of capital. It will be solved with their system of Guanxi /favours Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.