Cushman & Wakefield projects 10pc slide in property pricesBusiness | 10 Sep 2019 5:12 pm
Realtor, Cushman & Wakefield, expects property prices in the fourth quarter to fall by between 5 percent and 10 percent, approaching the price level of the beginning of the year.
The property market may experience significant fluctuations due to the Sino-US trade war and social unrest, despite favorable factors such as interest rate cuts and housing supply, said Alva To Yu-hung, vice-president and head of consulting for Greater China at Cushman & Wakefield.
To estimates that residential transactions in September will bet at around 4,500.
The deal volume in the investment property market for the whole year is likely to hit a 10-year low, said Tom Ko, executive director of capital markets at Cushman & Wakefield Hong Kong.