Hong Kong March home prices up 1.1%, first rise in nearly a year [Reuters]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: Reuters
The increase in home prices in one of the world's most expensive property markets followed a revised 1.7% fall in February, official data showed on Friday. For the first quarter, prices dropped 1.8%, after plunging 20% from their 2021 peak due to higher mortgage rates, an outflow of talent and a weak market outlook. In late February, Hong Kong all additional stamp duties for foreign and second home buyers, as well as on those selling flats within two years of buying them, and the property market immediately with a jump in transactions. However, prices are expected to remain suppressed as property developers rushed to launch new sales at steep discounts of up to 30%, and that drew much of the buying interest from the secondary home market. Realtor Cushman & Wakefield said housing prices have bottomed, but a significant rebound is unlikely due to economic uncertainties amid a high interest rate environment. It forecast a rebound of 5-7% in prices if the U.S. Federal Reserve c
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CWK
Earnings
- 4/29/24 - Beat
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Sec Filings
- 4/30/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/16/24 - Form 4
- CWK's page on the SEC website