After a round of sprints started in the middle of last month, the second-hand property market has become more and more unsustainable in the past week
The trading of the big housing estates has all dropped from the recent highs of last month. The market absorption has slowed down. The main reason is that the low market price is gradually being digested. There are also political factors that have plagued Hong Kong and reproduce the variables. The atmosphere in the property market has turned bad, and the momentum to relax the building has been offset step by step, which has put the property market in the test again.
Second-hand payment
In the past five months, the local business environment has deteriorated. The series of economic data released during the period not only shows that Hong Kong has entered a recession, but more importantly, the depth and time of the downturn are still unknown. However, the decline in the property market during the period was relatively mild. The low interest rate environment has not changed, and the rigid demand has been promoted. By the middle of last month, a large amount of purchasing power was released at the upper limit by the guarantee of the flats, which made the second-hand trading rebound.
However, this purchasing power that has been condensed for many months is gradually being digested. Whether or not new blood supplements are the key is crucial. However, as the political and economic factors deteriorate, the use of households to enter the market is believed to be under pressure in the short term. Until the beginning of this month, the property market Xiaoyangchun is over at any time.
Road blocking activities hinder the tower
In the past Saturday and Sunday, cross-blocking conflicts in various districts have blocked the operation of the towers, and the situation is more serious than that between September and October. It is expected that the number of bookings in the next two weeks will fall, affecting the situation. The transactions that were originally negotiated will also be disrupted, putting pressure on trading.