Archived posting to the Leica Users Group, 2015/03/01

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Subject: [Leica] Hong Kong pictures
From: Frank.Dernie at btinternet.com (Frank Dernie)
Date: Sun, 1 Mar 2015 09:56:57 +0000
References: <mailman.4671.1425152135.1819.lug@leica-users.org> <CC4B21FF-A18B-4CC4-8A5E-7445C5444A0E@netvigator.com> <b242fd67bf8a442dafc78a8c782295f0@WhizzEXM02.whizz.org>

And London. Full of Chinese and Russian wealthy people enjoying a liberal 
democracy. The UK positively encourages foreign investment, very many 
?british? companies are foreign owned so it isn?t just the property.

> On 1 Mar, 2015, at 04:35, John McMaster <john at mcmaster.co.nz> wrote:
> 
> Similar to NZ, particularly Auckland :-(
> 
> john
> 
> -----Original Message-----
> From: H&ECummer
> 
> Hi Richard,
> Yes indeed Vancouver has the most expensive real estate on the planet 
> followed by Hong Kong, according to a recent international survey.
> And, as you note, the common factor in this pricing is Mainland money. 
> Once it gets into a Hong Kong bank - don't ask how it gets from China to 
> Hong Kong - then it is an easy transfer to Canada to buy property which is 
> now 20% cheaper than last year due to the fall in the C$. Canada has no 
> restrictions on foreign ownership - unlike Hong Kong which charges a 15% 
> transfer tax to buyers who are not permanent residents of the SAR (Special 
> Administrative Region). The result is fewer and fewer Vancouver residents 
> can afford to buy houses - given that their incomes have not kept pace 
> with the rise in housing prices. My apartment in Vancouver, for example, 
> has doubled in price since I bought it in 2005. So those of us already in 
> the market are not hurting - but others, like my daughter, face the 
> prospect of being out of the market for a long time - if not forever.
> Howard
> 
> Date: Fri, 27 Feb 2015 19:35:04 -0800
> From: Richard Man <richard at richardmanphoto.com>
> To: Leica Users Group <lug at leica-users.org>
> Subject: Re: [Leica] Hong Kong pictures
> 
> According to one study, Vancouver is the MOST expensive city, even topping 
> HK, Tokyo, New York etc. The Mainlanders are moving their money out before 
> their government can take it away :-)
> 
> _______________________________________________
> Leica Users Group.
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In reply to: Message from cummer at netvigator.com (H&ECummer) ([Leica] Hong Kong pictures)
Message from john at mcmaster.co.nz (John McMaster) ([Leica] Hong Kong pictures)