Property News · December 31, 2018

Correction in Hong Kong’s property market gathers speed as prices fall 3.5 per cent in November


Prices of lived-in homes in Hong Kong saw the sharpest decline in the past four months in November, with analysts citing concerns over the US-China trade war, expectations of rising mortgage rates, accelerated launches of new flats and a volatile local stock market as the main reasons.
The monthly home price index, which represents movements in the secondary property market, fell 3.5 per cent to 366.3 in November, compared to the 2.56 per cent slide in October, 1.27 per cent in September and 0….

Source : South China Morning Post
Read more…Correction in Hong Kong’s property market gathers speed as prices fall 3.5 per cent in November

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