Hongkongers Moving to U.K. May Sell $19 Billion of Homes
- Thousands of residents may move to U.K. under visa program
- Apartment owners are likely to sell to fund relocation costs
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Hong Kong homeowners may sell as much as HK$150 billion ($19.3 billion) worth of property this year when residents emigrate to the U.K.
The city may see about 13,100 to 16,300 households move to the U.K. via their British National (Overseas) visas in 2021, Bloomberg Intelligence analyst Patrick Wong said in a report on Tuesday. The number represents 0.9% to 1.1% of households living in privately owned homes.