Lived-in home prices rose slightly in November for a second straight month, while rents fell, according to official data.
Hong Kong's home prices and rents are moving in opposite directions due to cheaper loan rates encouraging buyers into the market.
Here's the key takeaway:
Despite a year-long slump, home prices are showing signs of stabilization, driven by lower mortgage rates that have made buying more attractive. This increased buyer activity is, in turn, leading to a decrease in rental demand, resulting in falling rents.
Essentially, cheaper loans are fueling home purchases and taking pressure off the rental market.
Hong Kong's home prices and rents are moving in opposite directions due to cheaper loan rates encouraging buyers into the market. Here's the key takeaway: Despite a year-long slump, home prices are showing signs of stabilization, driven by lower mortgage rates that have made buying more attractive. This increased buyer activity is, in turn, leading to a decrease in rental demand, resulting in falling rents. Essentially, cheaper loans are fueling home purchases and taking pressure off the rental market.
