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Hong Kong luxury home rents could fall by up to 15%

Hong Kong luxury home rents could fall by up to 15%

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In China, the increase in Covid-19 cases has sent some cities into lockdown. There will be many consequences, especially for real estate.

 

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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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