Posted by
OffThePeak
13 yrs ago
People are buying properties because interest rates are cheap.
When they buy something and pay a 1-2% interest rate, they are saving money relative to the "normal" yield of 3% or so.
If you think prices are "expensive" then blame HK's interest rate policy.
A property purchase now is a bet that prices will not drop much in the long term, since if prices merely "trade sideways", then the property owner is better off.
Please support our advertisers:
You must be logged in to be able to reply.
Login now
Copy Link
Facebook
Gmail
Mail