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Hong Kong Residential Market Survey

House prices continue to rise but expectations highlight growing uncertainty

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The August 2015 RICS Hong Kong Residential Market Survey shows respondents remained positive on price movements at the headline level, but less so than in July. The net balance of respondents reporting increasing rather than declining prices fell from 67% to 53% during the month. However, the fact that both the price and sales expectations series have slipped into negative territory at the three and twelve month time horizons suggests othe factors are beginning to play a critical role in influencing the market mood. In particular, the generally unfavourable tone to the news flow emanating from China has raised concerns over the outlook for the Hong Kong economy and with that, the prospects for real estate sector.

Source : RICS

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Keywords : RICS