Hong Kong Oct home prices drop 2.4%, biggest fall in 4 years

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Hong Kong private home prices fell 2.4% in October, the biggest drop since November 2018, official data showed on Monday, dragged down by worsening market sentiment amid a pessimistic economic outlook.

The drop in home prices last month in one of the world's most unaffordable housing markets followed a revised 2.1% fall in September. Home prices in the financial hub have fallen 10.5% in the first ten months of this year.Rising mortgage costs and a bleak economic outlook have, while home prices for the full-year are expected to drop around 10%, the first fall since 2008.

Martin Wong, real estate consultancy Knight Frank Greater China head of research and consultancy, said he expects prices to fall 15% for the full year, and transaction volumes to slip 40% from last year to the lowest since 1997.

 

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Okropne sa takie miasta. Bez wyrazu, bez chatakteru. Zimne depresyjne klocki

I’ll move to Hong Kong when the CCP croaks

Beautiful

that's because you have to pay extra to clean up all the blood of demonstrators

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