The Most Expensive Housing in The World
Source: https://www.construction.am
#house #hongkong #record #economy
Hong Kong is the most expensive territory in the world to buy house. According to Bloomberg referring to research of Savills Plc. real estate company, in 2010 Hong Kong prices for housing property was 55% higher than in London. According to research, prices in Moscow were 7.4% up, and in New-York 15% down than in Britain's capital.
As Savills pointed out, growth in property prices in Hong Kong contributed to rather low interest rates, property shortage and the rush of wealthy buyers from China. According to another research by Centaline Property Agency Ltd., property prices in Hong Kong jumped by 55 % in 2010, and this drive would continue the next 1-1,5 years.
To improve the way in property market Hong Kong government plan to build about 20 thousand new homes annually and increase property tax. As reported by m-2.ru, today the average price for the130-200 square meters apartment in Hong Kong is about US $ 21,000 per 1 square meter (US $1930 for square feet).
As Savills pointed out, growth in property prices in Hong Kong contributed to rather low interest rates, property shortage and the rush of wealthy buyers from China. According to another research by Centaline Property Agency Ltd., property prices in Hong Kong jumped by 55 % in 2010, and this drive would continue the next 1-1,5 years.
To improve the way in property market Hong Kong government plan to build about 20 thousand new homes annually and increase property tax. As reported by m-2.ru, today the average price for the130-200 square meters apartment in Hong Kong is about US $ 21,000 per 1 square meter (US $1930 for square feet).
