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Goldman Sachs forecasts 20 per cent decline in Hong Kong homes prices between 2022 and 2025, as borrowing costs, unemployment rise

The prices of Hong Kong homes are likely to fall by a fifth over a four-year period, as borrowing costs increase and demand slumps because of rising unemployment, Goldman Sachs said. Goldman lowered its forecast from flat prices this year, followed by 5 per cent declines in 2023 and 2024 and a return to flat again in 2025, with a 5 per cent decline in each year between 2022 and 2025. “This cumulative 20 per cent price fall from year end 2021 levels would be enough to compensate for the 230 to…

Read the original article at South China Morning Post

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