The real estate market in Hong Kong today
Now Hong Kong is a special administrative region of China, its star is rising as fast as China, and the entire Hong Kong real estate industry benefits.
Hong Kong’s physical geographic restrictions mean there is a finite supply of residential and commercial real estate to dirty and back; And as Hong Kong further strengthens its already strong economic, trade and investment ties with China, demand for real estate in the region is intensifying.
Sharing for space are multinational companies and their huge base of expatriate employees, local businesses and local residents, tourists and studs. In fact, demand for residential and commercial space in Hong Kong is today at its highest since the glory days before 1998. HAVING SUFFERED AN ACUTE RECESSION FROM 1998 TO 2003 Property prices are for sale at DEFLATED COSTS AND FOR THEREFORE THEY ARE CONSIDERED AS UNDERVALUED, which means that the real estate market is now in an excellent position to grow and expand.
Why the application for real estate in Hong Kong is so intense…
Because Hong Kong’s economy is booming…
Purchasing power is so strong national national…
And because the real estate market is believed to be undervalued today, the abundance of opportunities to make a profit in the Hong Kong real estate market right now is intense.
Property investors from around the world are buying into the projected growth period and committing substantial funds to the Hong Kong market. As for the restrictions placed on foreign investors in Hong Kong… In theory, anyone can buy property. As with all city-based real estate economies, property in Hong Kong, while currently considered undervalued, cannot be viewed as ‘cheap’. However, anyone wishing to enter the market can obtain mortgages locally in Hong Kong to buy and can almost guarantee the rental facility you will generate if you choose to buy residential or commercial units to rent.
The medium-term outlook for the Hong Kong property market is good and analysis shows that the number of renovation projects and new developments started in recent years is below what is required for the current level of demand. This insufficient supply will last at least for the next furnace according to the analysis of industry experts. This has resulted in predictions for property price growth of up to 12% per year for at least the next four years, making the property market in Hong Kong CURRENTLY a VERY attractive prospect.