Online Forex broker
In June, private home prices in Hong Kong demonstrated another record. They soared more than 10% in the first half of this year, according to the government data. However, market experts told that potential interest rate lifts as well as trade disputes could hamper lifts over the rest of 2018.
It’s apparent that any cooling in home prices in Hong Kong would be upbeat news for the authorities, which have repeatedly promised to make homes more affordable in the city. Traditionally these homes are considered to be the most expensive around the globe.
From May property prices tacked on by 1.6% breaking record levels for the 20th consecutive month, as follows from an index prepared by the Rating and Valuation Department on Tuesday. As a matter of fact, June prices managed to rally up to 15.9% in contrast with 2017.
A 650-square-foot flat on Hong Kong Island would be worth approximately HK$11.5 million, in accordance with calculations utilizing June data from Midland Realty.
However, after a 27-month-long run of soaring monthly prices, which appears to be the longest winning marathon in the city’s history, market experts actually expect the red-hot market to recede over the rest of 2018.
Besides this, the asking prices of some fresh projects happen to be less hawkish now. It’s a clue that developers are on the verge of ramping up sales, as some financial analysts pointed out.
Combined with concerns as for a trade conflict as well as a potential interest rate lift, home price leap in the second-half of 2018 won’t be as vivid as the first-half.
While a number of property consultancies actually expect home prices to ascend at a reduced tempo, Citigroup Global Markets Asia actually projected a 7% dive in the second-half of this year.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
