Editorial : A distorted property market
樓市調整尚未完成 低息扭曲投資市場
文章日期:2016年9月5日

【明報專訊】AT a time of global economic uncertainties, the main economies that matter to Hong Kong (like mainland China, the US, Europe, the United Kingdom and Japan) are either hesitant about the pace of raising interest rates amid ongoing economic corrections or stuck in a situation in which nobody knows when "money-printing" will end. Though all news is bad, property prices have kept going up in Hong Kong over the past few months. That runs counter to the real economic situation. The Rating and Valuation Department (RVD) has recently published the overall price index for private domestic properties in July, which hit an all-year high. A time lag is in fact a factor in the figure. About how the property market will develop, most in the sector believe property prices will keep going up until the end of this year. The property market being such, people anxious to buy their own homes are indeed faced with a hard choice.

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