Hong Kong Homeowners Struggle to Sell in Least Affordable Market
Bloomberg·2022-04-13 12:08
The world’s least affordable housing market is in a rut.
Hong Kong home prices have fallen more than 6% since a peak in August, with no quick recovery in sight as residents leave the city at record rates. Some analysts are predicting another 20% slump by 2025 due to rising mortgage rates and a slowing economy. Even habitually bullish local agents are expecting that prices will be sluggish for most of the year.
……Read full article on Bloomberg
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