Hong Kong hitting ‘peak exodus’. Experts say UK, Canada, and Australia winners of Hong Kong’s loss

Hong Kong peak exodus

Hong Kong’s “peak exodus’ has led to an influx of Hong Kong citizens flooding real-estate markets across the UK, Canada, and Australia.

Besides, according to Knight Frank’s The Wealth Report 2022, the top three locations Hong Kongers are hoping to purchase homes are the UK, Canada, and Australia.

Derek Tse, business development manager of the real estate agency IQI Australia, told Insider his company had seen a 100% increase in inquiries from Hong Kongers looking to move over the past year.

Hong Kong peak exodus

According to Derek, IQI’s Juwai property portal has received 88 inquiries year-to-date. That’s the same number of inquiries IQI received from Hong Kongers in all of 2021. This figure excludes requests from social media, migration agents, and referral partners.

 

For the full story, read on: Business Insider

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