Property News · December 16, 2021

Hong Kong’s home prices to fall in 2022 as stock market slump creates ‘negative wealth effect’, Morgan Stanley says, marking a halt in city’s decade-long real estate bull run


The prices of Hong Kong’s lived-in homes may decline in 2022, reversing 13 years of gains, as a plunge in the stock market has created a “negative wealth effect” on investors and speculators, Morgan Stanley said.Overall prices may fall by 2 per cent next year, the US bank’s equity analyst Praveen Choudhary wrote in a December 15 report, going against the market’s consensus for prices to gain by between 3 per cent and up to 10 per cent.Sales volume of lived-in homes may contract by 15 per cent…

Source : South China Morning Post
Read more…Hong Kong’s home prices to fall in 2022 as stock market slump creates ‘negative wealth effect’, Morgan Stanley says, marking a halt in city’s decade-long real estate bull run

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