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News from Knight Frank Hong Kong

Knight Frank launches Global House Price Index Q4 2018

15 March 2019

 Results for Q4 2018:

  • Slovenia leads the Global House Price Index for the first time, recording 15.1% growth over the 12-month period. 
  • The index increased by 4.3% in the year to December 2018, its lowest rate of annual growth since Q3 2016.
  • Hong Kong, slipped from first to 22nd place as average prices tumbled 6.2% in the final three months of 2018.
  • Only eight of the 56 markets tracked saw prices decline in 2018 and half of them were in Europe.
  • With 2019 expected to see greater economic uncertainty, heightened market regulation and a rising cost of debt in major economies we expect the rate of price growth globally to moderate further next quarter.

David Ji, Director and Head of Research and Consultancy, Greater China, further explains, “Hong Kong’s housing market experienced a turning point in 2018 with price corrections started in August after rising for 28 consecutive months. The global economic uncertainties, the slowdown in Chinese Mainland economy as well as the volatile local stock market have weakened buyer sentiment. That said, the super luxury residential prices remained firm due to stable demand and scarce supply.”