Map of the UK and Ireland under a magnifying glass

Interest in UK property from Hong Kong buyers set to surge

The UK property market has already seen an influx of interest from Hong Kong buyers since the new path to citizenship was announced over the summer. And this will likely pick up even more.

In recent years, UK property has benefited from strong interest from Hong Kong buyers and investors. A resurgence in COVID-19 cases and the second national lockdown led to a downfall in those looking to buy property in the UK.

A recent article by South China Morning Post states this is only a short lull before the “January visa floodgate”. In the article, Kevin Bowers, a Hong Kong-based lawyer at Bowers Law, comments: “At the moment, it’s a trickle because of Covid-19. I expect the flood to start again and anticipate thousands of applications for us.”

New path to citizenship will lead to an influx of demand

During the first nine months of 2020, Hong Kong buyers were the second busiest foreign buyers of property in the UK, according to research by Astons. Hong Kong buyers purchased £305.6m of prime London homes and 6,438 homes amounting to £8.1bn across the UK.

Even though interest has dropped in the short term, demand from Hong Kong buyers will soar in the lead up to the new visa opening for applications on the 31st of January.

The visa will be open to British National Overseas (BNO) passport holders in Hong Kong and their immediate family members. This visa provides a new path to citizenship, and interest in UK property is likely to soar from buyers seeking citizenship.

Camilla Dell, managing partner at Black Brick, says in an interview with Bloomberg: “Unlike wealthy buyers from the Middle East or the U.S, Hong Kongers are probably looking to relocate permanently to the U.K. There will be potential for more buyers as a result of BNO holders being told they’re welcome with open arms.”

Where are Hong Kong buyers purchasing property?

London is still attracting the highest level of investment from Hong Kong buyers and investors. However, other major cities are following closely behind, including Manchester and Liverpool. Property in these regional cities offer more value and potentially lucrative returns in the long-term through capital appreciation.

Liverpool and Manchester are home to strong economies, a range of employment opportunities and top-notch universities. Numerous investment and regeneration projects are in the pipeline for the two cities. This has made both places especially appealing to live and invest in.

Interest in London and thriving cities in the north of England will likely increase further from Hong Kong buyers as the opening date for the new visa applications nears.

The benefits of investing in UK property

Purchasing property in the UK comes with numerous benefits. The UK provides comparatively cheaper properties prices. Additionally, current favourable currency exchange rates allows buyers and investors from Hong Kong to get more for their money. Mortgage interest rates are also relatively low.

Investing in property in the UK has been considered an international safe haven, especially for Hong Kong buyers and investors. Hong Kong has faced a high level of political stress since the summer of the 2019. The UK is a safe market to invest in despite the political and economic uncertainty surrounding Brexit.

Even during uncertain times, the UK property market has shown strength and resilience. And this could lead to more Hong Kong buyers and investors purchasing property in the UK.

BuyAssociation has a number of UK property investment opportunities. Sign up for free to get early access to our best deals, or get in touch directly for more information.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT