Citigroup: more than half of young expected 10 years on the train hopeless

Overpriced property prices, pessimistic youth opposition, Citigroup home survey found that more than 5% of young people think there is no hope of getting on the car in the next 10 years, up 9 percentage points from 5 years ago; another 16% means that the car must be over 800 Million.

55% Property prices are expected to rise in the next year

In a quarterly survey conducted by Citigroup in 2012 from a quarterly basis, Citibank randomly visited more than 500 people by phone in the third quarter of this year and found that 55% of respondents expected property prices to rise in the coming year, with a steady 34% and a falling Only 11%. Reflecting the fact that the government has pushed the spicy property market many times in the past year, the public did not discount the property prices.

More than half of 21- to 29-year-old respondents who do not have a property think they can not get on the bus in the next 10 years. That is, they are still uncrowded in their prime age of 30 to 40, up 9 percentage points in 5 years, Since the new high. On the contrary, considering that only 23% of those who have the ability to board a car in 10 years hit a new low since 2014, we can see that property prices are so high and young people are ever more desperate for practice. I believe they are one of the reasons for getting on with their parents in recent years.

The public are expecting upward trend in property prices and a continual increase in the budget for getting on the bus. Some 53% think that the ideal property can now be purchased for less than $ 4 million. Compared with 2012 (government stamp duty on stamps and extra stamp duty) 79%, decreasing year by year, down 26% in 5 years and 5 years low since the record.

16% of hearts and minds to buy estimated more than 8 million

The survey respondents, who consider it worth more than $ 8 million to buy the heartwater property, have risen to a record high of 16% this year, from 4% in 2012. As property prices continue to rise, the difficulty of getting on the bus is getting higher and higher. More people have to face the reality, but they still have no real need for home ownership.

According to the survey, nearly 2% of the adults currently have real estate buyers. Of these, 8% think it is good or bad. Based on the current population of Hong Kong (21 to 60 years old), Citi estimates that about 370 000 people have real estate needs and that they are most interested in getting on with the younger generation.

In addition, the survey found that 13% of the property sales in the past 10 years, with medium-term redevelopment accounted for 41%, Citigold projections based on this, it is estimated within 10 years 610,000 people have sold the property, but “wrong car” up to 36 Ten thousand people, of whom about 200,000 failed to get on the bus again.

Lin Chi-kang, director of retail banking at Citibank, said property prices continue to rise. People’s confidence in the affordability of home ownership is inevitably weakened. In particular, the younger generation have witnessed an increase in cases of getting on with their parents in recent years. However, with rigid demand and good economic growth, next year There is a chance of an adjustment in half a year, but it is predicted that the overall property price will rise in a narrow range next year.