UK property sales to Hongkongers in London and other cities set to spike amid weaker pound, influx of migrating buyers

Hongkongers are likely to purchase “significantly” more homes in the UK over the coming months as a weaker pound brings more properties in London and other British cities into their price range, according to analysts.

The pound just hit a near two-year low against the US dollar, and observers expect it to depreciate further amid a forecast slowing of the UK economy, playing into the hands of Hong Kong buyers despite rising interest rates.