Lyon: In the next year, property prices will fall by at least 15%.

Lyon published a research report, listing negative factors that the fundamentals of the property market are changing, including rising interest rates, continued economic slowdown and depreciation of the renminbi. The property market may face the biggest challenge in the past 15 years, and the next 12 are expected. In the month, property prices in Hong Kong fell by at least 15%.

According to the Lyon report, there have been three adjustments in the property market in Hong Kong in the past 15 years. The time and the turning point were: the increase in the interest rate of the Hong Kong property in 2005, the sharp fall in the global financial tsunami stock market in 2008, and the rapid depreciation of the RMB in 2015. At the same time, factors have emerged. At present, large developers have seen the price cuts, the burden on the public’s home ownership has weakened, and the banks have also proposed to raise the best interest rates. The Hong Kong Tower faces the worst environment in 15 years.

In addition, the report also stated that since the announcement of the new housing policy by the Chief Executive Lin Zhengyue in June, the attitude of second-hand owners softened and accepted bargaining, and the number of cases of price reductions increased during the period. In addition, the three-month interbank interest rate in Hong Kong has risen from less than 1% to 2% in the past nine years. The stock market has unexpectedly adjusted 17% from its high level, reflecting the economic slowdown and the depreciation of the RMB against the US dollar by 9%.

The interest rate hike in the stock market fell

Lyon said that the current property price has reached an unaffordable level, and the market situation may deteriorate at any time. It is expected that the future property price trend will be reversed. It is expected that the property price will fall 15% in the next 12 months and return to the beginning of the year.