Hong Kong home prices rise 0.3% in April from March
HONG KONG : Hong Kong’s non-public dwelling prices climbed for the second month in a row in April, up 0.3 per cent from March, after the financial hub lifted curbs to enhance its sick property market.
The amplify in dwelling prices in with out a doubt one of the world’s costliest property markets adopted a revised 1.8 per cent upward push in March, which reversed a 10-month falling trudge, official files showed on Wednesday.
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In leisurely February, Hong Kong removed all extra impress tasks for international and second dwelling investors, to boot to on those promoting flats interior two years of shopping for them, after prices had plunged 20 per cent from their 2021 height, damage by higher mortgage rates, an outflow of skill and a archaic market outlook.
The property market straight away effectively-known the halt of those measures with a soar in transactions, but analysts inquire of prices to live subdued in the advance term as property developers plug to initiate gross sales at steep reductions.
Source: Reuters
