Mansion Global Daily: Investing in Toronto’s Red Hot Real Estate Market, Stock Market Slump in Hong Kong Could Cause Home Prices to Dip, and More – Mansion Global

December 18, 2021 by No Comments


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NEWS BITES

Perth Likely to See Double-Digit Price Growth in 2022, Plus More Demand Than It Can Handle

Perth, the capital of the state of Western Australia, is expected to see prices grow by 10% or more next year, as well as an even tighter rental market. The growth will be fueled by the return of investor demand when the state’s borders open, which is planned for February. In addition, some say there could be an influx of some 20,000 people coming to the state for employment opportunities in 2022, further straining the tight market. “At the moment though, we have less than 2,000 properties available for rent and less than 10,000 properties that can be bought, meaning that we can only really handle an influx of 8,000 people before our market is tight as a drum,” said property analyst and valuer Gavin Hegney. realestate.com.au

Stock Market Slump in Hong Kong Could Cause Home Prices to Dip

Prices of existing homes in Hong Kong could slip 2% next year, following 13 years of positive growth, according to a report this week from Morgan Stanley. Sales volume could also drop as much as 15% in 2022, as a “negative wealth effect” caused by a slump in stocks keeps buyers from new real estate investments. “The recent decline in the [Hang Seng Index] generally should be followed by property sector underperformance due to a negative wealth effect, based on historical data. We expect the [Hong Kong] property stock …….

Source: https://www.mansionglobal.com/articles/mansion-global-daily-investing-in-toronto-s-red-hot-real-estate-market-stock-market-slump-in-hong-kong-could-cause-home-prices-to-dip-and-more-151539

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