Property News · October 31, 2018

Warning bell has rung: home prices dropped at much faster rate last month


The warning bell has rung in Hong Kong as prices of used homes in September dropped at a much faster speed than in the previous month, continuing a slide that is sending panic through property agencies.
The price index of used homes dropped 1.44 per cent in September, to 388.8 from 394.5, a bigger drop than the 0.08 per cent recorded in August. August marked the first decline in used home prices after a 28-month rally.
The start of a down cycle in home prices in the world’s least…

Source : South China Morning Post
Read more…Warning bell has rung: home prices dropped at much faster rate last month