Strong demand fuels the Hong Kong property market

In the market of residential real estate in Hong Kong demand still exceeds supply, which leads to an increase in the real estate market, reported the online source PropertyWire.com , citing data from the last report of the company Knight Frank. In January 2013 the number of transactions in Hong Kong rose by 65.2% compared with the previous month, and in the sector of luxury homes valued over $ 10 - 57.7%. The authorities have already taken measures to increase the volume of housing in both the private and public sector. According to experts, the proposal will begin to increase until 2015-2016 years. If such a situation will lead to a sharp rise in prices, the government will be forced to take new measures to prevent the market from overheating. HomesOverseas.ru