Despite the quiet second-hand trading in the second half of this year
stimulated by the wide mortgage guarantee and the increase in average mortgage amount, Wang Meifeng, the managing director of Central Plains Mortgage, expects that the amount of new mortgages taken in Hong Kong this year will increase slightly by 0.3% to 345 billion. It was a record high for the year, and 80,000 new mortgages will be taken next year, amounting to 335 billion yuan, the third highest in history.
the number of mortgage applications in the first half of this year continued to exceed 10,000 on a monthly basis
and the amount of second-hand mortgages gradually declined in the second half of the year. Summarizing the whole year, she expects that the number of new mortgages taken this year will decrease slightly by 3% from last year to 84,000, but due to the increase in the average mortgage amount, it is expected that the amount of mortgages taken in the year will reach more than 345 billion yuan, which is similar to last year. And slightly increased by 0.3%, the amount was a record high.
Predicting 2020, the conversion rate and rebate offer are inferior to the past
It is expected that the number of new mortgages taken in the coming year will decrease by 4.8% to 80,000, and the amount of new mortgages will reach 335 billion yuan, In 2019, it fell slightly by 2.9%. Although the number of mortgages fell, it is still at an ideal level. The forecast amount is the third highest in history.
At the same time, Meridian Mortgages also released a Mortgage Market Review and Prospect Report yesterday. Cao Deming, Senior Vice President of Meridian Mortgage Referrals, said that with the gradual tightening of mortgage concessions by banks, and the actual mortgage interest rate this year is 2.15% higher than two years ago. The incentive to convert mortgages has increased by about 35 points, and the number of conversions next year is expected to drop by 50% to about 20,000. Christmas and the Lunar New Year are the traditional off-seasons in the property market, and the mortgage market is not recoverable overnight. He predicts that the number of mortgages on existing properties will fall by 15% year-on-year to around 90,000.