Some analysts feel it is the right time to buy as the market is close to bottom, and the 20 per cent decline in prices from an all-time high offsets higher mortgage rates While rents in some areas of the city have risen, they have declined in places like Sai Ying Pun and Sheung Wan by as much as 15 to 20 per cent, Habitat’s Allan says
Hong Kong’s property market is generally volatile, and predicting its course is next to impossible, but against the backdrop of the Ukraine war and wavering stock markets, real estate feels like a safe bet.