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Hong Kong Home Prices to Fall As Residents Leave, UBS Says

  • Population outflow, rate hikes set to reduce demand for homes
  • Locals, expats are leaving amid political tension, Covid rules
Buildings are seen from Victoria Peak in Hong Kong.

Buildings are seen from Victoria Peak in Hong Kong.

Photographer: Paul Yeung/Bloomberg

Hong Kong’s home prices are set to decline in 2022 as residents continue to leave the city, according to UBS Group AG.

Residential property values in Hong Kong will fall by around 5% this year due to persistent population outflow and imminent interest rate increases, John Lam, head of China and Hong Kong real estate research at UBS, said in a media briefing Monday.