Hong Kong lifts overseas buyer curbs to revive property market

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Restrictions on property transactions 'are no longer necessary amidst the current economic and market conditions,' says Hong Kong's Financial Secretary, as property prices slump.

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New visa regulations and the imminent easing of travel restrictions have 'revived London’s appeal as an investment and lifestyle hotspot', says Chestertons
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Since July 2020, Hong Kong nationals have accounted for an estimated 4% of London market activity, up from just 1% in the same period the previous year.
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One of the “biggest changes in our visa system in British history” could drive a surge in demand for UK property from Hong Kong residents, as they look to flee more authoritarian rule.