Potential homebuyers’ patience rewarded
(Published by South China Morning Post, 18 Jan 2006) With interest rates expected to stabilize, prices forecast to rise and a new index, the time is ripe to enter the property market Hong Kong’s equity and property markets have been buoyed by news from the United States Federal Reserve last month that future interest rate increases are likely to be muted. Since then, the Hang Seng index has risen more than 900 points (or more than 6 per cent) and several property analysts have predicted a faster rebound in property prices and an increase in transaction numbers this year. What does this mean for would-be Hong Kong homebuyers who have been sitting on the sidelines for the past several months? Your time has come, and good things come to those who wait.