US interest rate hike + grab battles, it is expected to stabilize property prices

US interest rate hike + grab battles, it is expected to stabilize property prices

The pace of interest rate hikes in the United States has slowed down. The market expects that Hong Kong may not raise interest rates again this year. This will help strengthen the confidence of the public in entering the market. The banks are actively introducing mortgage discounts and are expected to further stabilize property prices.

Enough money, conditional increase

The bank grabbed the war again, and many large and medium-sized banks continued to reduce H according to the capping rate and increase the cash rebate offer during the month. There are three main reasons for this. First, the US Federal Reserve has slowed interest rate hikes and is expected to consider ending the contraction plan. The industry estimates that Hong Kong’s interest rate hike will be reduced this year. In the near future, large banks will reduce H to the same level as P, which also reflects Hong Kong banks. The intention to raise interest rates again is not big.

Secondly, with reference to the fact that the balance of the banking system in Hong Kong has remained at a level of about $67 billion in the past six months, the monetary policy is still abundant. No funds have been seen to flow away. The banks have the conditions to promote the “smoke” through one-off concessions such as cash rebates and quota rebates. Sucker.

New disk 3500 units

On the other hand, in the recent months, the second-hand trading market has gradually rebounded, including the first-hand market recorded 1,956 transactions in January, up 14% month-on-month. In the second-hand market, 184 transactions were recorded in the top 10 housing estates. The monthly increase was 82%, and the number of transactions was a new high in the past six months. The market conditions showed signs of recovery.

After the Spring Festival, the developers gradually accelerated the deployment of the project. It is estimated that more than 3,500 new units will be launched in the first quarter.

The slowdown in interest rate hikes is really good news for the property market. It is in line with the banks to actively increase mortgage concessions. It is believed that the confidence of some citizens in the market will be enhanced, and the atmosphere of trading and the property market will be promoted to help the property prices accelerate and stabilize.