Hong Kong is the most favorable offshore real estate market for mainland Chinese...
HONG KONG - Hong Kong is the most favorable offshore real estate market for mainland Chinese, despite an escalation in U.S.-China trade tensions and concerns over a controversial extradition law that will extend Beijing’s power over the city, UBS said on Tuesday.
Around 12% of respondents in the latest UBS survey said they intended to purchase a Hong Kong property in the next two years, up from 7% in a September survey. The percentage was also the highest since the first survey conducted in 2015. The latest survey polled around 3,500 respondents. Hong Kong’s home prices fell from August to December last year weighed by trade tensions and higher interest rates but then quickly rebounded since the beginning of this year. In March, prices rose at their fastest pace since September 2016.
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