Saturday , May 28 2022

Commercial war threatens to lower house prices in Hong Kong by 25%



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

Hong Kong real estate prices could fall 25% next year if the US-China trade war gets worse and these are the latest forecasts for the decline of one of the largest real estate markets are expensive in the world.
The market is entering a "correction phase" and prices are expected to decline, GLL said in a statement. The basic forecasts suggest that the Hong Kong market will fall by 15% in 2019, but it is likely to drop by 25% if the US-China trade war will come out and stock prices continue to fall. "All Hong Kong real estate sectors depend on China's demand to sustain growth in recent years," said Joseph Tsang, GLL executive director in Hong Kong. "The existence of a long-term trade war between the United States and China Impact of Hong Kong's economy and housing market." (Agencies)

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