2024-09-16 09:16:10 +0300

Hong Kong’s Home Prices Set to Hit Five-Year Low as Rates Bite

Bloomberg

By Shawna Kwan

Prices in the world’s most expensive housing market are set to fall to the lowest since 2017 as surging borrowing costs deter buyers.

Bloomberg Intelligence predicts the secondary market will log the milestone next quarter. Mortgage rates may jump to the highest since 2008, in tandem with US rate hikes, BI analysts Patrick Wong and Francis Chan wrote in a note on Friday.

#BloombergIntelligence #secondarymarket #chan #wong #Borrowingcosts

Continue read on bloomberg.com

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