28-10-2013, 09:44 PM
Fall at least 30% by end of 2015? Not sure it will be so drastic...
Hong Kong home prices could drop 30% by end-2015: Barclays
HONG KONG – Hong Kong home prices are expected to fall at least 30 per cent by the end of 2015 as income growth stalls and supply increases, the Bloomberg news agency cited Barclays analyst as saying on Monday.
Barclays joins Bank of America and UBS who have over the past month forecast that home prices in the city will drop as much as 25 per cent as demand wanes because of government curbs and the expectation of rising interest rates.
A “downward spiral of home prices is likely” as developers and homeowners adjust expectations, Barclay analysts Paul Louie and Zita Qin wrote in a report on Monday. They assigned a “negative” rating to the Hong Kong property sector and said office prices will drop 20 per cent.
...
http://www.todayonline.com/business/hong...5-barclays
Hong Kong home prices could drop 30% by end-2015: Barclays
HONG KONG – Hong Kong home prices are expected to fall at least 30 per cent by the end of 2015 as income growth stalls and supply increases, the Bloomberg news agency cited Barclays analyst as saying on Monday.
Barclays joins Bank of America and UBS who have over the past month forecast that home prices in the city will drop as much as 25 per cent as demand wanes because of government curbs and the expectation of rising interest rates.
A “downward spiral of home prices is likely” as developers and homeowners adjust expectations, Barclay analysts Paul Louie and Zita Qin wrote in a report on Monday. They assigned a “negative” rating to the Hong Kong property sector and said office prices will drop 20 per cent.
...
http://www.todayonline.com/business/hong...5-barclays
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