Weak pound fires up Hong Kongers' appetite for U.K. properties
British visa scheme that offers path to citizenship also stirs interest
U.K. properties have become an attractive investment for Hong Kong buyers after sterling plunged to its lowest against the dollar following an unfunded plan by Downing Street to cut taxes for the wealthiest. (Source photos by AP)
HONG KONG -- The phones at Hong Kong brokers are ringing off the hook as the British pound's drop to all-time lows against the dollar fires up interest in buying U.K. homes at bargain prices.
Buyers in the financial hub have long been a driving force in the London property market, and a special visa program that opens the door for millions to win permanent residency in Britain has ramped up sales.