Hong Kong for nine years, remains the most expensive housing market in the world.
Special administrative region of China – Hong Kong for the past nine years, remains the most expensive housing market in the world.
This is despite the fact that the prices decreased on average by 8% due to a trade war between the United States and China.
The head of Hong Kong office of Savills Simon Smith noted that during the first quarter of 2019 there was a slight rise 1-2% due to the recovery of the stock market, the termination of the current increase in interest rates and the possible resolution of trade conflict between the US and China.
The most significant demand is for very small apartments and super luxury apartments, where prices reach 178 690 thousand per square meter. Buyers of elite housing areas prefer the Peak, South Side and Mid-Levels. Wealthy people also pay attention to property close to Kowloon station.
The average price for a double apartment in an old building varies from 24 760 thousand to 27 thousand 450 dollars. per square meter.
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