Property News · September 25, 2017

Hong Kong’s millennials take out more mortgages, despite record high home prices


Hong Kong’s millennials are becoming better represented in the home buying market, despite the city having the world’s least-affordable prices, taking up one in three new mortgages this year, a new report shows.
But many agents say it’s often their parents who are paying the huge deposits for the flats.
Millennials – who are currently 23 to 37-years-old – accounted for 32 per cent of total new mortgages in the second quarter of the year, up from 19 per cent in 2013…

Source : South China Morning Post
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