Property News · August 20, 2019

More banks are predicting Hong Kong’s home prices to decline, as persistent public unrest sours moods and crimps transactions


Hong Kong’s property prices are poised to decline by 10 per cent through March 2020, as the economy shrinks this year, according to a forecast by Morgan Stanley, the first bank to predict a contraction as street rallies across the city extend into their 12th week. The “key drags” of the economy include “continued trade tension, disruption to economic activity due to unrest, as well as a potentially higher Hibor, which are likely to lead to broad-based slowdown in consumption, investment and…

Source : South China Morning Post
Read more…More banks are predicting Hong Kong’s home prices to decline, as persistent public unrest sours moods and crimps transactions

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