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The housing market has been rapidly evolving. Home prices surged in 2020 as mortgage rates plummeted, and over the past couple of years, we've seen a slight cooling of the market as mortgage rates...
This scenario may already be playing out: The median home sale price in Austin was down 6.2 percent year-over-year, according to June 2024 Redfin data, and homes there were taking a long 50 days ...
Mortgage loans account for 25-30% of bank loans in Hong Kong. [1] Land ownership and land restrictions by the government risk inefficiencies with housing supply and demand. In 1998 there was a property price collapse; from 1997 to 2003 Hong Kong residential property prices fell by 61% [5] following the Asian economic crisis.
If the study’s projections prove accurate and the sale price does experience 12.7% year-over-year growth, the median buyer this time next year would pay $507,150 for the same house.
The Hong Kong government in 2016 estimated that over the next 30 years, Hong Kong will face a shortage of approximately 1,200 hectares for housing. [ 17 ] In 2021, the shortage was revised upwards to 3,000 hectares over the next 30 years.
The insufficient supply of housing in Hong Kong is one of the important forces leading to subdivided units. According to the Grassroots Housing Rental Price Research Report 2011, released by the Society for Communication Organisation, the Hong Kong government's failure to accurately forecast future housing demand is the leading cause of the shortage.
Hong Kong private home prices fell 2.1% in September from a month earlier to the lowest since January 2019, official data showed on Thursday, dragged down by rising interest rates and a ...
Below are the top 10 most expensive houses in Hong Kong. Prices (valuation) are based on best estimates in 2023. Factors determining prices include location, view, built quality, past transactions, media reports and annual figures published by Rating and Valuation Department of the Government. Rankings are based on per square foot.