Hong Kong home prices soft in July, first decline in 16 months

HONG KONG, ‌Aug 27 (Reuters) - ​Private ​home prices in Hong Kong eased 0.5% in July, the ‌first decline since March 2025, data ⁠from the Rating and Valuation Department showed ‌on Thursday.

Here are ‌some details:

• The fall followed June's revised monthly gain of 0.2%.

• Prices ​have risen 7.3% in the first seven months of the year ⁠and 12.8% since the last trough in March 2025.

• ​Realtors expected a short-term consolidation after the long rising streak, as ​buying demand faced ‌the combined headwinds of a stock-market correction and China's tighter ⁠curbs on outbound investment.

• Hong Kong's property market, one of the world's least ⁠affordable, has been supported by positive market ​sentiment, buoyant stock markets, firm demand from a growing number of mainland Chinese professionals and ‌an easing oversupply.

• Residential prices in the Asian financial hub ‌posted their first increase last ⁠year after tumbling ‌nearly 30% since ​they peaked in 2021.

(Reporting by Clare Jim; Editing by Thomas ‌Derpinghaus)

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