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Property business sees migration rise in Hong Kong

January 2014, 29
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Property business sees migration rise in Hong Kong
Immigration has seen a massive boost in recent years, one of the reasons for this is the property business. Tycoons and real estate companies have entered Hong Kong in large numbers, investing in property. Tycoons from Hong Kong have also left the city and invested in property in the states, Canada, Australia and many countries in Europe. The purchase of property from overseas will see a lot of capital from Hong Kong will be used to purchase these properties. As more and more property is bought, immigration will continue to rise. The number of people entering and leaving the city keeps increasing.

Over the years Hong Kong has become a hotspot for transit for the purchase of overseas property. The reason for this is that it is much more convenient to buy properties in the United States of America from Hong Kong as it is easier to exchange U.S dollars against H.K dollars.

Property transactions in Hong Kong have increased by nearly fifty percent in the year 2013. with transactions rising immigration rose as many entered the city for the real estate business.

For years the people and real estate agents who bought property in Hong Kong were from Hong Kong, nowadays people from all over the world buy property in Hong Kong. The way in which business and property sales run has changed a lot over the years, more money can be made from buying overseas. If money is to be made tycoons will see this and do whatever they can to enter into the business. Property has always been big business.

Many people who  immigrated into Hong Kong for property reasons over the past few years are now migrating to other countries, more than likely doing the same again. Property immigration can be very lucrative. If property is available people will buy, property tycoons especially will grab an opportunity that is good money sense.

There are still many that will immigrate to Hong Kong first before travelling on to other countries for property investments. This is one of the reason  that immigration is up in Hong Kong. The visas that are available to gain entry into Hong Kong have become much more easier to apply for and be granted if you are travelling into the city on business. Property and real estate is big business and this is why immigration still increases year on year., and is expected to for the foreseeable future.

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