Property News · January 27, 2021

Hong Kong property market narrowly avoids first annual decline in home prices in 12 years as demand defies coronavirus


Hong Kong’s home prices narrowly avoided their first annual decline in 12 years as the fourth wave of coronavirus dealt a less savage blow than expected to December’s data.The price index for lived-in homes in December fell 0.4 per cent to 379.3, stretching a three-month losing streak to 1 per cent, according to data from the Rating and Valuation Department released on Wednesday.That left the index a fraction above its reading of 379.2 in December 2019. However, it was below the level of 379.7…

Source : South China Morning Post
Read more…Hong Kong property market narrowly avoids first annual decline in home prices in 12 years as demand defies coronavirus