Knight Frank adjusts its property price forecast by 8-12%

Property prices could not be stopped, Knight Frank said that property prices have risen 8% in the first half of the year, expected to be affected by interest rate increases in the second half, or narrowing the increase, the annual increase of 8 to 12%, while the mansion rising overrun Up to 15%.

Luxury homes outperformed the market

According to Lin Haowen, senior director of Knight Frank and Valuation and Advisory Department, the property market continues to rise. The increase in property prices in the first half of the year has already reached 8%, and the percentage of second-hand purchases has also increased. The buyers are mainly users. He believes that the biggest factor in the property market crash may be interest rate hike and the global crisis. The interest rate is expected to not increase much, and it is difficult for property prices to fall sharply. However, as the interest rates in the second half of the year will inevitably increase, and with a certain amount of new supply, the increase in property prices may slow down. It is estimated that the annual increase in the prices of small and medium-sized residential properties will be 8 to 12%. As far as luxury homes are concerned, he believes that he can outperform the market and can expect to see a maximum increase of 15% throughout the year.

In terms of shops, McLaren, the director of Lai Fong’s Senior Director and Department of Commerce, pointed out that retail sales have rebounded significantly in recent days, mainly in the consumption of middle-and-lower-priced goods, and the proportion of Mainland tourists returning to Japan is as high as 61%. The lower-middle-priced items such as drugs and cosmetics Such as the ideal sales, it is expected that the relevant retailers in the second half of the rent is more active. Regarding rent, she believes that there is still a Kyrgyz shop in the core area, and it is expected that the year-on-year rent reduction will be 5% to 10%, which is lower than the decline of more than 10% last year.