Tuesday , September 27 2022

Commercial war threatens to cut house prices in Hong Kong 25%



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Thank you for reading the news of a commercial war that threatens to reduce the cost of housing in Hong Kong by 25%, and now we are starting with the latest details

Real estate prices in Hong Kong could be reduced by 25% next year if the US-China trade war deteriorates, and these are the latest projections for a fall in one of the most important Real Estate markets are expensive in the world.
The market is entering a "correction phase," and it is expected that prices will go further, GLL said. The basic forecasts indicate that the Hong Kong market will fall by 15% in 2019, but it will likely fall by 25% if the US-China trade war erupts and stock prices continue to fall. "All property areas in Hong Kong depend on the demand from China to support growth in recent years," said Joseph Tsang, GLL's executive director in Hong Kong. "The existence of a long-term trade war between the United States and China The impact of the economy of Hong Kong and the real estate market." (Agencies)

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