Hong Kong and the growth in size: prices tripled in the last three years
Hong Kong and the growth in size: prices tripled in the last three years. The special administrative region of Hong Kong, literally '' fragrant port '' is one of the most famous cities of the Asian continent, given the presence of numerous skylines.
It does not only occupy these primates, in fact it is also one of the most densely populated areas in the world.
After having been a colony of the British Empire for years, today it has become a real power from a commercial, economic and financial point of view.
In the last decade, moreover, has welcomed many foreigners from all over the world, eager to change their lives drastically. Work is a constant in China, and anyone has no problem finding an occupation.
But if you are also interested in discovering this wonderful city, you have to deal with a reality that is not very favorable to investors.
Buying a house in Hong Kong is, nowadays, a prerogative for a few.
House prices but above all rents have tripled in recent years.
Not only in the residential sector, but also in Grade A offices (in particular) this surge has been felt, causing a general shift in potential investors.
The cause is simply one: the excessive demand for housing and / or offices, caused in turn by the increase of the workforce in each sector.
Just think that every month, the price of rents increases up to a maximum of 3%, marking a trend (as well as worrying) unstoppable.
Despite everything, the Chinese economy, unlike many other nations that live or have previously experienced a similar phenomenon, does not seem to be falling.
Investors prefer to buy even at higher prices rather than waiting for better times.
Evidently the importance recognized worldwide, to become part of the economic circle of the Rising Sun, seems to have ousted the excessive prices of the apartments.
To confirm this, the statistics show that the new leases in the central area have grown by 110% (compared to the expansion requirements of banks and financial companies).
Hotels have also contributed to this increase in the general market.
Among the best known, the Oriental Patron, has leased about 13,900 square meters by virtue of the strong need felt by investors.
And that's not all!
Luxury condominiums have entered the leasing market to minimize the impact of the new tourist tax on the so-called '' vacancy ''.
We can say that the market has suffered a strong jolt but, as always, China seems to be more than prepared for the unforeseen dictated by the financial market.
And you, what will you choose?
Will you wait for more mature times or will you throw yourself headlong into the Chinese brick?
It does not only occupy these primates, in fact it is also one of the most densely populated areas in the world.
After having been a colony of the British Empire for years, today it has become a real power from a commercial, economic and financial point of view.
In the last decade, moreover, has welcomed many foreigners from all over the world, eager to change their lives drastically. Work is a constant in China, and anyone has no problem finding an occupation.
But if you are also interested in discovering this wonderful city, you have to deal with a reality that is not very favorable to investors.
Buying a house in Hong Kong is, nowadays, a prerogative for a few.
House prices but above all rents have tripled in recent years.
Not only in the residential sector, but also in Grade A offices (in particular) this surge has been felt, causing a general shift in potential investors.
The cause is simply one: the excessive demand for housing and / or offices, caused in turn by the increase of the workforce in each sector.
Just think that every month, the price of rents increases up to a maximum of 3%, marking a trend (as well as worrying) unstoppable.
Despite everything, the Chinese economy, unlike many other nations that live or have previously experienced a similar phenomenon, does not seem to be falling.
Investors prefer to buy even at higher prices rather than waiting for better times.
Evidently the importance recognized worldwide, to become part of the economic circle of the Rising Sun, seems to have ousted the excessive prices of the apartments.
To confirm this, the statistics show that the new leases in the central area have grown by 110% (compared to the expansion requirements of banks and financial companies).
Hotels have also contributed to this increase in the general market.
Among the best known, the Oriental Patron, has leased about 13,900 square meters by virtue of the strong need felt by investors.
And that's not all!
Luxury condominiums have entered the leasing market to minimize the impact of the new tourist tax on the so-called '' vacancy ''.
We can say that the market has suffered a strong jolt but, as always, China seems to be more than prepared for the unforeseen dictated by the financial market.
And you, what will you choose?
Will you wait for more mature times or will you throw yourself headlong into the Chinese brick?
