Rising unemployment will depress home prices in mass and luxury residential market by 5 per cent this year amid the coronavirus outbreak, according to Knight Frank, with homes changing hands at lower than market prices amid shrinking transactions.“Rising unemployment will lead to affordability issues, thus reducing property demand and in turn lower property prices,” said Martin Wong, associate director of research and consultancy in Greater China at Knight Frank. Potential buyers will find home…
Source : South China Morning Post
Read more…Rising unemployment, tottering Hang Seng Index foretell weaker home prices in coming months, Knight Frank says















