AP: raising interest rates by interest rate slowdown

WASHINGTON (Reuters) – With the increase in interest rates, investors believe that property prices will slow down.

“The HKMA has already launched a three-day tightening mortgage, and the developers have also seen a move to continue to introduce high-yield mortgages to buy electricity,” said Bu Shao-ming, Chief Executive Officer of Midland Real Estate.

Investors want to fall into the market

Midland Real Estate Chief Analyst Liu Jiahui said that the HKMA one of the measures is the bank’s risk weight limit from 15% to 25%, so the banks have recently increased mortgage interest, coupled with the United States has entered the rate hike cycle, The interest rate in Hong Kong will rise moderately.

The bank expects that in the absence of significant negative events, future property prices still depend on factors such as economy, employment, interest rate movements and supply, such as interest rates rising, investors’ demand will decline, property prices It has slowed down.

The bank said that more than 30 million yuan this year, luxury transactions in the first five months of this year has recorded 857 cases of more than 30 million units of transactions, compared with 481 cases over the same period last year, an increase of 78%, a record turnover has always been a new high.

One of the first-hand property accounted for 617 cases, second-hand accounted for 240 cases, that is, second-hand accounted for 72%, the proportion is the highest ever.

4 adult material this year, luxury prices rose

On the other hand, the bank in late May, to face and telephone access to luxury buyers, a total of 529 questionnaires, about 40% of the buyers, is expected this year, luxury property prices rose, that a steady 31% As for nearly 3 per cent forecast property prices fell.

In addition, Liu Jiahui said that some buyers believe that the overall property prices have recorded a certain increase in the past few years, plans to transfer funds to invest in other tools, the largest number of respondents selected small and medium-sized residential property, followed by the stock.