Real estate survey 7 prospective buyers no fear of raising interest rates
The United States to raise interest rates today, Zhongyuan mortgage survey shows that nearly 70% of interested buyers do not fear interest rate hike, and plans to enter the market, reflecting the market has generally digested the rate hike. Meridian mortgage expectations, the fastest start in Hong Kong next year to raise interest rates.
Earlier this month, Central Plains Trust commissioned the University of Hong Kong to conduct a survey on home ownership in Hong Kong. It interviewed 1,029 members of the public and found 368 (36%) of the respondents were interested in home ownership. Of these, 69% claimed that home ownership was not intended to be affected by the US rate hike, The survey results (63% in December last year and 67% in June this year) ranked the highest among 21% of respondents.
The Central Plains Mortgage Index means that the market has already digested the message of rate hike in the United States and has little effect on people’s desire to buy a house. However, the long-term interest rate hike in Hong Kong suggests that the rate hike of the proposed stress test may be appropriately adjusted.
In addition, the mortgage industry generally believes that even if the United States hikes in December, the banking system in our country is abundant and there is no immediate need for interest rate hikes. As of the second quarter of next year, Hong Kong is expected to launch a rate hike cycle.
Meridian mortgage refers to the current banking system balance of about 170 billion yuan, estimated to have dropped to 100 billion yuan less pressure on banks to raise interest rates; the United States is expected to raise interest rates next year 2 to 3 times, and Hong Kong the second quarter of next year the earliest rate hike, About 0.25 to 0.5% margin, the estimated interest rate can be maintained between 2 to 2.5%.
Meridian: Hong Kong’s second-fastest interest rate next year
Meridian Mortgage Market Director Liu Yuanyuan said that the interest rate in Hong Kong is more affected by the external environment. Apart from large-scale IPO activities, the interest rate hikes, shrinkage lists and tax reform policies in the United States have given the opportunity to allow funds to flow back to the U.S. market and tighten monetary conditions in Hong Kong. Affect fluctuations in interest rates, interest rates are expected to rise upward, the banks next year there is little room for interest rate cuts, H by the adoption rate in the second half or fell to about 80%; while reducing incentives to reduce next year, according to the number of cases and the amount of a chance to drop 20%, to 27,000 and 92 billion yuan.
However, Hong Kong’s economy is good and members of the public can afford mortgage repayments. The demand for rigid market is high. Property prices are expected to rise by 5% to 10% next year. The total number of mortgages and the amount of mortgage loans could reach 87,000 and $ 322.7 billion Ruled out that the HKMA will tighten the mortgage again.
The mortgage industry has set a presumptive discount
Ricacorp mortgage refers to the average monthly interest rate over 1% in recent months, the pressure to increase interest rates, it is estimated that Hong Kong will have the opportunity to raise interest rates in the second quarter of next year, but the pace is slow, the maximum interest rate in the second half 1 to 2 times.
It is expected that the banks will presumably press on and raise rebate concessions to attract customers. Developers will have the opportunity to proactively offer different rebate taxes and mortgage concessions on a high-yield basis. This is expected to continue with the prosperous second-hand transactions.
In addition, Centaline mortgages provide fixed-rate concessions to Tseung Kwan O MONTEREY, a subsidiary of Wheelock, for a 1.7% fixed interest rate for the first year, followed by a 1.3% increase in H and a rebate of up to 1.7%. Meridian mortgage and Li Jia Ge mortgage also introduced the same terms and conditions, apply to second-hand property.