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Talent, funds continue to exit Hong Kong amid Covid-19 pandemic
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Talent, funds continue to exit Hong Kong amid Covid-19 pandemic
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Some Honkongers are arbitraging between city’s record home prices with cheaper listings overseas as they head for the exit Aerial view from Castle of Saint George or Sao Jorge to the historical centre of Lisbon. Photo: Shutterstock
Some Hong Kong emigrants are taking advantage of the price difference between their homes in the city and cheaper real estate overseas, as they rush for the exit in increasing numbers.
Ireland and Portugal, among the most popular destinations for Hong Kong emigrants looking to qualify for residency in the European Union, offer particularly attractive bargains, according to investment advisers. Ireland is popular among parents, professionals and emigrants seeking to fast track their residency, with its offer of a good living environment and low-risk investments, according to consultancy Bartra Wealth Advisors.