Property News · July 31, 2019

Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stop property market bull run


The prices of Hong Kong’s lived-in homes dropped by 0.8 per cent in June, as the year-long US-China trade war and unprecedented levels of public unrest combined to send property buyers to the sidelines, ending a five-month bull run in the city’s real estate market.The price index of used homes fell to 393.7, according to the Rating and Valuation Department’s data. Property analysts said the decline will accelerate in the coming months.“The index will still adjust downwards in the next one to…

Source : South China Morning Post
Read more…Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stop property market bull run

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