Mass demonstrations in Hong Kong in recent months will have only have a short-te...
HONG KONG - Mass demonstrations in Hong Kong in recent months will have only have a short-term impact on its housing market, with pent-up demand and a shortage of land expected to support prices, realtors said on Wednesday.
Real estate consultancy Colliers International forecast housing prices in one of the world’s most expensive property markets will fall 4% in the second half, but still rise 6% for the full year. Tourism numbers are falling in the wake of the demonstrations, with retailers and hoteliers warning of slowing sales.
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