Buy the dip - Hong Kong real estate edition
A piece from Bloomberg on some of the folks in HK spotting opportunities to buy property in the midst of the protest fears.
- For Tse, it's Hong Kong's low tax rates and free flow of money that will sustain property values. Tang also lists low borrowing costs and the city's status as the West's gateway to China as factors that will support the market."I saw my mom investing through 1997 when I was a kid," Tse said. "Long term, Hong Kong will still be one of the most attractive real estate markets in the world. Every time, Hong Kong bounces back."
Same sort of folks likely buying into London in the midst of the Brexit mess.