Hong Kong people expect property prices to continue to fall, the most pessimistic down 30%

As the property market turned downwards, the price of the property market emerged and the public became pessimistic about the prospects of the property market. According to a survey conducted by the Star Valley Mortgage Entrustment to the Hong Kong University Public Opinion Research Project, the survey of Hong Kong people on the future of the property market shows that 55% of respondents believe that property prices will fall in the next six months, and most (47%) believe that they will fall by 10%. Pessimism has fallen by 30%.

Star Valley mortgage referral CEO Zhuang Jinhui said that property prices have been significantly adjusted in the fourth quarter of this year, but more than 50% of respondents believe that property prices will continue to fall, reflecting the recent resentment of the property market has returned to rationality, the market is positive Look for a reasonable property market price.

Although 55% of the respondents believe that property prices will continue to fall, according to the opposite theory, at least eight to 90% of respondents predict that property prices will fall, and the property market can really bottom out.

The Star Valley Mortgage Referral entrusted the University of Hong Kong Public Opinion Research Programme. At the beginning of this month, more than 503 Cantonese-speaking Hong Kong citizens were interviewed by interviewers through random sample telephone interviews. 47% of the respondents were male and 53% were female.

Unsold people are not eager to enter the market

The results show that 55% of respondents believe that property prices will fall in the next six months, of which 47% are estimated to fall by 10%, while 19% think it will fall by 20%, and the most pessimistic 10% of respondents are down by 30%.

Among the respondents, 33% owned property, but 84% of them did not intend to take the opportunity to buy one more unit, while 66% of the respondents who did not own their own property faced a price adjustment, 72% said they had no home ownership plan. 21% think that if property prices fall deeper, they will actually buy a house, expecting a drop of 20% to 50%.