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In November, in Hong Kong, private home prices managed to break historic records for the 13th straight month, with the ascent demonstrating no immediate indications of ending and experts expecting the surge to continue into 2018.
In November, private home prices tacked on by 1.08%, thus marking the fastest tempo of surge for six months. The index that started its ascend in April last year, rallied 13.1% year-on-year.
Hong Kong’s flats are considered to be the second most expensive around the globe after Monaco. As follows from a report unveiled by property consultancy Knight Frank, in Hong Kong US$1 million would only purchase 200 square feet of prime property, versus 270 square feet in New York and 320 in London.
Carrie Lam, Hong Kong leader Carrie Lam told during an interview that the government is unable to suppress property prices. However, she added she would try to spur supply.
In October, the United Kingdom recorded a greater budget deficit than anticipated, as follows from first borrowing figures, since finance minister Philip Hammond pledged an end to austerity was over there…
Find out about the most important market movers from today's digest!
In November, UK factory orders managed to recover, although previously in October they sagged steeply…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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