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Sales of housing in Hong Kong in April fell to a two-year low

05.05.2011
Homesoverseas.ru editorial office
31
Sales of housing in Hong Kong in April fell to a two-year low due to government restrictions and increasing mortgage rates, reports Bloomberg. The number of home sales turned out to be 37.6% last month from a year earlier and amounted to 7635 units. In monetary terms, the volume of sales transactions declined during the year by 26.8%, to $ 5 billion According to the company of Savills, Hong Kong -. The most expensive city in the world to buy a home. Over the past two years, housing prices in Hong Kong rose by 55% due to record low lending rates and increased attention on the part of investors from China. In November, the government has increased the tax on the transfer of property rights and pledged to increase the amount of land for development, trying to contain prices and avoid the formation of a bubble in the local real estate market. According to Bloomberg .
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