Will higher school fees, new taxes turn Hongkongers away from UK properties?

Quick Summary:

Additional education fees, a new tax scheme and slowing growth in rental rates could turn Hongkongers away from UK property.

Recent developments in the UK, however, stand to put a damper on demand.

It said that in 2024, one out of every seven of its UK mortgage loans was held by a Hong Kong resident.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong Kong

Topics: Hongkongers Property Turn Taxes Mortgage Properties Cent Higher Hong Fees School

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 09:30:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 216 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25270323

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 10 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #42

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