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In the market of Hong Kong real estate bubble may form

23.12.2010
Homesoverseas.ru editorial office
32
Experts predict a further property price rise in Hong Kong, despite the measures taken by the Government to prevent the formation of a bubble in the market. According to their forecasts for housing in Hong Kong, prices could rise by 10% next year. Hong Kong's real estate market is booming. Since the beginning of 2009, housing prices have increased by 50%. The Government is taking measures to try to limit the amount of speculative transactions in the market. In particular, the government narrowed the possibilities of the mortgage, as well as introduced an additional 15% tax on the sale of property, valid for two years from the date of purchase. Many economists believe that the bubble has already formed, but government measures can restrain the growth of speculative transactions. On this Site www.property-report.com
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