Hong Kong housing bubble! Mainland buyers blamed
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Residential property prices in Hong Kong are bubbling up again, following substantial falls in the second half of 2008. Hong Kong is riding another euphoric wave of property purchases.
Hong Kong’s housing market was seriously affected by the global financial crisis, but after falling 17% (18% in real terms) from June to December 2008, Hong Kong’s residential price index rebounded and rose by 20% (21% in real terms) from last year’s bottom to August 2009, according to the Ratings and Valuation Department (RVD)
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