Hong Kong money finds safe home in London property

Hong Kong buyers are flocking to London to buy property, as riots and protests continue to rock the semi-autonomous Chinese city. The number of Hong Kong buyers in the UK has increased in the past quarter, with many seeking homes in the £1m to £2.5m price range, according to MyLondonHome. The buyers have been lured by the weakness of sterling and falling property prices, while Brexit is seen as comparatively unthreatening. Meanwhile, Chinese house price growth is heading for a five-year low in 2020. The FT (£)