2024-04-29 28Hse Editor
Citibank conducted a survey in June on people's intent to buy homes in the second quarter of this year. The survey results show that with the slowdown of the new crown pneumonia epidemic, respondents have clearly restored their confidence in the property market. More than half of the respondents believe that property prices will rise in the next year, and only about 10% of the respondents are down on the property market, which is less than the previous quarter. However, the proportion of respondents with spare money has dropped, leaving only 14% of respondents interested in buying property, and the number has fallen quarterly.
Respondents’ confidence in property prices in the next two quarters has rebounded. Citibank announced the results of a survey of citizens’ home ownership intentions in the second quarter of this year. Following the previous quarter, 33% of respondents are optimistic about property prices, and 54% believe that this quarter Property prices will rise, while 35% expect property prices to remain stable. The proportion of respondents who are generally bearish on the property market has also fallen from 20% in the previous quarter to 12% in this quarter. This shows that respondents have greatly increased their confidence in the development of property prices.
Those with free money want to buy bricks down
However, when interviewees were asked about household income and expenditure, about 50% of the interviewees said that household income is more than expenditure, compared with nearly 60% in the previous quarter, 36% said that income and expenditure are just in balance, and 14% think Household spending is more than income, reflecting that the proportion of respondents who have spare funds has fallen from the previous quarter. In the second quarter, 14% of the respondents expressed interest in buying a home, and the proportion dropped slightly from the previous quarter.
In this survey, Citibank commissioned the Social Science Research Center of the University of Hong Kong to interview more than 500 Hong Kong citizens in June in the form of random sample telephone interviews. Most days of the month, "zero local diagnoses" were recorded. It is believed that the epidemic has improved significantly, giving interviewees full confidence in the rise of the property market.
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