Property News · August 31, 2020

Hong Kong’s lived-in home prices decline as third wave of virus outbreak halts recovery


Hong Kong’s home prices declined in July by the fastest pace in five months as a third wave of the coronavirus pandemic in the city curbed buying interest and prompted homeowners to offer deeper discounts. Data for August may disappoint further, analysts said.Prices for lived-in homes weakened 0.5 per cent from June, according to an index published by the Rating and Valuation Department on Monday, the most since a 1.7 per cent pullback in February. The decline halted a two-month advance in…

Source : South China Morning Post
Read more…Hong Kong’s lived-in home prices decline as third wave of virus outbreak halts recovery

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