Citigroup: The public optimistic about the property market 63% expected property prices rose within one year

Citigroup Quarterly home survey shows that about 63% of respondents believe property prices will rise in the next year, up by 20% over the same period of previous year, the ratio of 2012 to a record high of 6 years, reflecting the public Optimistic about the performance of the property market.

Citibank commissioned the Hong Kong University Council Scientific Research Center to interview more than 500 Hong Kong residents on a quarterly basis by telephone sampling for home ownership intentions investigations.

Materials prices fell only 10% 3 quarter low

According to the latest Q4 2017 survey, 63% of respondents think property prices will rise in the coming 1 years, up 8% quarter-to-quarter and pick up for the first time since the second consecutive quarter of 2017 fall, 20 percentage points higher over the same period of the previous year, a six-year high since the bank’s investigation record.

10% of respondents who think property prices will fall will be the lowest in 3Q11, while 27% of them will see steady growth in property prices, a decrease of 7% quarter-to-quarter.

In the fourth quarter of last year, the stock market thrived. In December, the Legislative Council passed a relaxation of the tax rebate period of one year from the date of redemption of flats and the successive redemption of two billion-odd land lots at the commercial premises of Hing Wah Street and Cheung San Street in Central. With the emergence of favorable factors, most people are optimistic about the market outlook.

The survey also found that 75% of the respondents considered the current non-home good opportunity to increase by 7% quarter-to-quarter. On the contrary, only 3% means the timing of home purchase declined by 2% quarter-to-quarter and 22% in general. However, the property market to the public, the public desire to maintain high. According to the survey, 20% of the respondents are interested in buying flats. The general intention of entering the market is to maintain 30%. However, there is no market interest of 50%, a slight increase of 1% quarter-to-quarter.

However, the recent stock market volatility, the banking community said it believed cyclical normal adjustment, I believe the property market has not formed a big impact, the buyer into the market or have a little influence.