Property News · June 28, 2021

Hong Kong’s second-hand home prices soar to a 23-month high as property bull run feeds on cheap money


Housing affordability, one of the issues fuelling political strife in Hong Kong over the past few years, is rearing its head again as low interest rates fuel a speculative real estate frenzy while the economy grapples with budding signs of recovery from a pandemic-led recession.An index measuring the prices of all lived-in homes rose 0.6 per cent in May to a 23-month high of 393.7, a mere 0.8 per cent from its May 2019 historical peak, according to data released by the Rating and Valuation…

Source : South China Morning Post
Read more…Hong Kong’s second-hand home prices soar to a 23-month high as property bull run feeds on cheap money

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