Property News · August 8, 2018

Hong Kong home prices may slip as much as 10 per cent, UBS says


Hong Kong home prices could slide as much as 10 per cent over the next 17 months, UBS said, mainly because of anticipated higher mortgage rates.
And then there is the trade war, which threatens to weigh down prices even more.
The UBS property team forecasts a drop of between 5 per cent and 10 per cent in home prices from now until the end of 2019, dented by the expected 50 basis points to 75 basis points increase in mortgage rates in the near future.
Citibank on Tuesday became the first major…

Source : South China Morning Post
Read more…Hong Kong home prices may slip as much as 10 per cent, UBS says

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