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Global Real Estate Bubble Index

Discussion in 'General Property Chat' started by Jasmine, 28th Sep, 2016.

  1. Jasmine

    Jasmine Well-Known Member

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  2. big max

    big max Well-Known Member

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    Stupid article ranking HK as "overvalued".

    HK has one of the densest populations in the world. Maximum tax of 15% on income. Zero capital gains tax. It's the lowest leveraged property market in Asia due to extremely stringent lending controls. Rental yields more then support current prices, indeed it's around 3 times cheaper to buy and pay a mortgage than it is to rent.

    Silly stuff. If anything HK is way undervalued.
     
  3. Graeme

    Graeme Well-Known Member

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    Hong Kong is the most expensive housing market in the world, with the median price at nineteen times income according to an article at the South China Morning Post.

    In comparison, the median price of a new apartment in Tokyo peaked at around eighteen times income in 1989, so Hong Kong is at a similar level.
     
  4. Leo2413

    Leo2413 Well-Known Member Premium Member

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    And they say Australia is unaffordable

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