Property News · September 24, 2019

Number of Hongkongers expecting home prices to fall doubles, Citi survey shows, as political crisis darkens the mood


The violent protests that have engulfed Hong Kong have taken a serious toll on confidence in the local property market.The number of Hongkongers who believe home prices will fall in the next 12 months has doubled since the pro-democracy demonstrations began in early June, according to a survey by Citi Hong Kong.Fifty-six per cent of 500 people quizzed about their views on the market in the third quarter said they expect prices to come down, compared with 28 per cent in the April-to-June period…

Source : South China Morning Post
Read more…Number of Hongkongers expecting home prices to fall doubles, Citi survey shows, as political crisis darkens the mood

You may also like...