We provide worldwide overseas property acquisition from countries including Canada, Australia and the United Kingdom.
Compared with Hong Kong, overseas property prices are rather low, and choosing the right area does have an impact on the market value. These days many Hong Kong people are considering investing in the overseas property market, even if they have no plan to immigrate. However, it is really confusing and helpless to buy a property if you are not physically in the area. Most Hong Kong people choose Britain and Australia as their preferred countries for overseas property purchases. Because the country’s economic system is mature and there are many overseas students, it is easier to rent out properties. With a large immigrant population in Australia, properties are very compatible in the market. As for the United Kingdom, a huge population of overseas students, expats, and immigrants are the potential market for leases.
In addition, Canada has also become one of the most popular countries for Hong Kong immigrants in recent years, and many people invest in properties there. However, due to the rising number of overseas buyers’, local property prices have risen sharply. The Canadian government intends to levy taxes on overseas home buyers. The relevant measures are expected to be introduced in March to April next year.
The Canadian government maintains an open attitude towards foreign investors buying local properties, and is open to global investors to purchase different types of local real estate. When purchasing real estate in Canada, non-local residents share the same real estate ownership rights as Canadian residents or citizens, but some provinces have corresponding restrictions on non-residents purchasing agricultural or recreational land.
In addition, it is not necessary to hold a Canadian citizenship to buy a property in Canada , but somehow you may be required to meet a certain length of stay in the country. If overseas people plan to stay in Canada for half a year or less, they will be regarded as non-local residents by the Canadian authorities and can purchase properties as non-local residents, but additional taxes may be required in some areas. On the contrary, if overseas people intend to stay here for more than half a year or more, they need to apply for resident status in order to continue their stay.
2020 Canadian property prices:
Vancouver: From about CAD 800,000 in the city centre / 500 feet (about HKD 4.79 million)