In China, the increase in Covid-19 cases has sent some cities into lockdown. There will be many consequences, especially for real estate.
In Hong Kong, analysts are predicting luxury home rents will fall by up to 15% as expatriates leave to escape the country’s zero Covid policy.
Indeed, in the first quarter of 2022, rents for high-end houses and flats fell between 2.6% and 4%, with the Kowloon and New Territories areas seeing the biggest drops, according to property consultancy Savills.
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