2024-04-25 28Hse Editor
Hong Kong's national security legislation Hong Kong people are more optimistic about the property market
Under the Hong Kong National Security Act, the number of Hong Kong people intending to buy homes has increased. The real estate platform Squarefoot yesterday released the results of the survey on the outlook for the Hong Kong real estate market for the third quarter of 2020, showing that nearly 40% of respondents expect property prices to rise, with an average increase of about 9.4% expected, reflecting public optimism towards the property market compared to the previous quarter. However, note that the survey was conducted at the end of June and 500 Hong Kong citizens were interviewed on the Internet. Therefore, the relevant data does not yet reflect the recent outbreak of the third wave of the epidemic. ■reporter Yan Lunle
According to the survey results, 39% of respondents believe that local residential prices will rise in the next six months, with an average increase of about 9.4%. Another 22% of respondents estimate that property prices will fall by an average of 11.2% during the period. In the previous two surveys (December 2019 and April 2020), only 11% of the respondents estimated that the property market will rise in the next six months, and more than half of the respondents expect property prices to fall. Statistics show that Hong Kong people are more optimistic about the prospects of the property market than before.
In addition, in this survey, the number of respondents who believed that local property prices had peaked in the past 12 months dropped from 47% in the last survey in April to 34%. Analyzing the reasons why property prices have a chance to rise, the respondents believe that the local "housing demand is still high" (65%), "the property market will continue to rise in the long run" (57%), and "the epidemic has eased and the economy has begun to recover" (49%) are three. The main factor.
The proportion of respondents who intend to purchase residential properties in the next 12 months amounts to 24%, and more than half (52%) of the respondents said that the political environment has a certain impact on their decision to buy a home.
91% of interested home buyers have visited the property online
Squarefoot.cKenneth Kent, general manager of om.hk, said that the epidemic eased when the survey was conducted. Although 83% of respondents still believe that property prices in Hong Kong are too high, 39% believe that property prices will rise in the next six months, reversing the previous situation. Two surveys are expected to fall in the property market.
He went on to say that in the first half of the year, Hong Kong's property prices were not affected by the epidemic and there was a significant adjustment, which may reflect the confidence of those interested in home buyers in the market outlook. On the other hand, during the epidemic, more people searched for information about the property market. Squarefoot platform page views data showed that the number of website views increased in the first half of this year, and the number of website traffic and real estate inquiries increased by 26 quarters in the second quarter. % And 42%. The survey also found that as much as 91% of those interested in buying property said they had visited the property online during the epidemic.
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