The average price of a home in Hong Kong has reached a phenomenal 15 times annual family income, and there is probably more to come, with benchmark US interest rates remaining flat probably well into 2015 and possibly beyond, according to a new report by the Hong Kong-based Asianomics financial advisory firm.
Hong Kong Property Hits the Stratosphere
Hong Kong Property Hits the Stratosphere
Hong Kong Property Hits the Stratosphere
The average price of a home in Hong Kong has reached a phenomenal 15 times annual family income, and there is probably more to come, with benchmark US interest rates remaining flat probably well into 2015 and possibly beyond, according to a new report by the Hong Kong-based Asianomics financial advisory firm.