An imminent decline in global interest rates should boost housing markets, but any improvement in Hong Kong could be delayed until there is a broader recovery in the local and wider Chinese economies, Knight Frank’s Liam Bailey says.
The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.
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