Hongkongers dominate England’s property market with £10.8b portfolio 

They also preside over the most valuable bricks-and-mortar portfolio in England.

Amongst all foreign nationals, Hong Kongers have the most valuable property portfolio across England and Wales, data from Benham and Reeves showed.

According to the London-based property agency, the value of Hong Kongers’ property portfolio is £10.8b.

“Foreign-owned homes are worth a staggering £78.8bn in today’s market and it’s Hong Kong homeowners who account for the largest proportion of market activity in this respect,” Director of Benham and Reeves, Marc von Grundherr, said.

“This stands to reason as we’ve seen a huge appetite from Hong Kong buyers in recent years, driven by the British National Overseas Visa which allows them to live, work and study within the UK,” Grundherr said.