Sun, Dec 21, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Residential property Watch more

Hong Kong rate hikes deflate housing boom

Posted on 07 June 2011

Hong Kong banks may have succeeded where the government failed as rising mortgage rates curb home price gains and cut sales to the lowest level in two years, signaling the property market may have peaked.
HSBC Holdings Plc (HSBA), which controls two of the city’s three- biggest banks by customers, is among lenders that accelerated mortgage rate increases in April as liquidity dried up. An index of home prices has stalled since March 20, while the number of sales in April fell 37.6 percent from a year earlier to the lowest in more than two years, according to the Land Registry………………………………………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031