, home prices have started rising again. The world's least affordable housing market may even be prepping for another boom.Credit:Green shoots have included increased viewings at project sales and revived interest in government land auctions, with a plot in the northern New Territories selling for a higher price than analysts expected last month. The Centa-City Leading Index of second-hand home prices is up more than 1 per cent from its recent low after gaining for three consecutive weeks.
So what's changed? A reprieve from the US Federal Reserve, broader stock-market gains and the strengthening of China's currency. The Fed turned dovish in December, signaling less likelihood of further rate increases this year. That's a boon for Hong Kong, which tracks changes in US rates because of the city's currency peg to the dollar. The Hang Seng Index has climbed 17 per cent since the end of October.
Granted, Hong Kong home valuations remain stretched, at 18 times the median income even after recent declines. And the overbuilding of parking space-sized apartments in outer areas may weigh on prices. Any forecasts of a boom should also come with a caveat: All bets are off if the city's economy heads south.
Lol if this was crypto we would be saying 'nice try shill'. Do your own research people.
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The world's most expensive property market is crashingReal estate is the main game in Hong Kong, and as the drop in housing prices nears correction territory, concern is mounting about the toll the downturn will exact on the city's economy. I am sorry. this got to be most hilarious thing i read all day. Pot calls kettle black !! Did get ridiculous too soon. Remember daughter’s house selling :- extra $200K in 2 months. Remember same daughter buying- (by the normal time settlement) value jumped $250k . In just over 6 weeks . So win / win for her.
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The winners from Australia's property market slumpAustralia's worst property slump in a generation has created some obvious losers - but there are some who are smiling. Fallen from insane to ludicrous. Rejoice. BusinessDay And folks looking to upgrade, surely? If everything goes down 15% (and exey places seem to have fallen by more than many “first homes”) then this downturn cuts the changeover cost, including stamp duty, which is great Getting ahead 'despite' the 'downturn' NO. First homebuyers finally getting some sort of chance to buy a dwelling because the world's biggest, unsustainable, housing bubble has somewhat deflated. Thereby improving our social stability by having a higher proportion of homeowners
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Man charged over alleged bogus property investment schemeA 54-year-old man from the Gold Coast is charged with fraud over an alleged global investment scam worth almost $12 million. Was he a Bankster .... If not set my people free !! That old advice still holds - if it sounds too good to be true, it is
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