Knight Frank: Hong Kong property prices rose in the first quarter of the world

Hong Kong property prices have risen globally, and property consultant Knight Frank published the first quarter of this year, the “Global Price Index”, the first quarter of this year, the world’s strongest increase in property prices in the market, Hong Kong rose 14.9% year-on-year, than the first The two European Maltas are 1.3 percentage points higher. In addition, DTZ stated that Hong Kong’s residential properties rose by 11.5% in the first half of this year, exceeding expectations, and it is expected to increase by up to 8% in the second half of this year and increase by 20% in the whole year.

Knight Frank published the first quarter of this year’s “Global Price Index” in the first quarter of this year. According to data from central banks and national statistics agencies, tracking and comparing the performance of general residential property prices in 57 markets around the world, property prices in 86% of places have recorded an increase. Among them, property prices in Hong Kong have been leading for the first time since the second quarter of 2015.

As of March this year, Hong Kong’s general residential property prices have risen by 14.9% in the past 12 months, making them the top countries in the world. This was followed by Malta, Europe, where property prices rose 13.6% in the past year. The report also pointed out that since the study was launched in 2008, Hong Kong has ranked tenth in the first place.

DTZ Debbie: 20% increase in the whole year

Nicholas Holt, head of research at Knight Frank Asia Pacific, added that in the first quarter of this year Hong Kong’s general residential property prices recorded a quarter-on-quarter increase of 4.6%. Although the United States is expected to raise interest rates, Hong Kong’s residential supply is still in short supply, and property prices continue to rise this year. The bank expects general property prices to rise 8 to 12% this year.

Another property advisor, DTZ Debenham, issued a property review and forecast yesterday. Tao Yuhong, vice president of the Greater China Region, said that the first half of the increase in residential properties exceeded expectations and rose 11.5% in the first half of the year. Among them, the first city in Sha Tin rose by 14.3% in the first half of this year, up 19.3% year-on-year, and by 68.4% if compared with the April 2016 low.

Uncertainties in the second half of the year are mainly interest rate increases and first-hand vacant taxes. However, Tao Yuhong believes that interest rates will definitely rise in the second half of the year, but the pace and speed are not obvious, mainly due to psychological influence, and the actual impact is not significant. The first-hand vacant tax is only for new discs. The number is only a few thousand and the impact is slight. However, the increase in property prices in the second half of the year has slowed down, and it is expected to increase by 5 to 8%. The cumulative increase for the whole year will be 20%.