3 big factors dog year price fluctuations

Chicken to send dogs, tomorrow will enter the dog year, the property market boom, property prices rose more than 10%.

Year of the dog property market will be subject to fluctuations in the stock market, the United States to raise interest rates, as well as the impact of increased supply of three major factors, property prices or greater volatility.

Looking forward to the dog year trend in the coming year, if you refer to the past performance of the three markets in 1982, 1994 and 2006, all of them are relatively volatile. These include a 82-year crisis of return confidence, a drop of more than 15% in property prices, and a 94-year Property prices also showed the trend of first rise and then rise.

As for the Year of the Dog this year, the market is still expected to have a lot of uncertainties, including past years of rooster. Benefit from the Hang Seng Index rose by 30%, the property market also driven by the wealth effect, property prices rose more than 10%; However, recently In the stock market, however, there have been two “small storms” in the stock market. Whether the stock market can last year’s vigorous growth or whether it will enter a bear market will affect the future development of the property market regardless of psychological factors or wealth effects.

The stock market shocks the US interest rate increase supply

In addition, in the Year of the Dog in 2006, the property market in Hong Kong benefited from the interest rate cut in the United States. The property price recorded a 6% increase. However, the property market this year has to face the risk of the interest rate hike.

As a matter of fact, the United States has been slowly raising interest rates since the beginning of the rate hike cycle since the end of 2015. However, given the recent economic and employment data, once the rate hike is faster than expected, mortgage rates in Hong Kong have a chance to follow up and become an issue Year of the dog market trend another key.