Business
Reviving Hong Kong’s Housing Market: The Need for More Rate Cuts and Stock Gains Wealth
The Hong Kong real estate market requires further reductions in interest rates and increased prosperity from equity earnings to halt the downturn. Experts suggest that decreased borrowing expenses and a more substantial wealth impact from stock profits are crucial to counteract a further year of falling house prices.
Additional relaxation of regulations by the Federal Reserve, as anticipated by those dealing in interest rates, might restore the faith of purchasers, she stated. She also suggested that there could be a potential uplift in housing prices in the current financial quarter if the stock market maintains its strong performance.
The average cost of residential properties in Hong Kong has experienced a 6.2 per cent decrease this year up until August, as stated in the most recent study issued by the Rating and Valuation Department. This reduction is significantly more than the 5 per cent decrease that Cushman had anticipated for 2024.
Six fifty-seven in
Surge or slump: Is China's stock market craze maintainable?
Discover more from Automobilnews News - The first AI News Portal world wide
Subscribe to get the latest posts sent to your email.