Economic environment favourable property market over 80% Hong Kong people looking to buy home this year

Xinhua Beijing, January 4, according to the Hong Kong "Wen Wei Po" reported that 2009 Hong Kong property market performance ideal, free from the financial tsunami haze, the public on the future trend of optimism, with the new year began, the public in this year's confidence in home ownership significantly improved.　　According to a survey, the majority of the public think that the economy will gradually improve this year, the property market will continue to be buoyant and property prices are rising, and 83% of the respondents expressed their wish to buy property in the new year.　　According to an opinion poll conducted by the Ricacorp estate in late 2009, the bank successfully visited 367 people and 83% of the respondents planned to go into the market in the coming year (2010), with an increase of 18% per cent from the same survey results (the proportion of prospective home buyers in 2009) from the end of 2008.　　The proportion of respondents who do not have a home ownership scheme in the coming year is 29% from the end of 2008, down 12% to 12% at the end of 2009, which reflects that the majority of the public are optimistic and enterprising in the future, while the mood of the wait-and-see atmosphere has receded. In addition, when asked about the reasons for prospective buyers of home ownership this year, 21% of the respondents said that the market was due to low interest rates, and most of them thought that the current low rate of the banks would greatly reduce the burden on the interests and the opportunities were not frequent. Another 17% per cent of the respondents expected inflation to be bought against inflation, while another 17% had the idea of buying a home for money.　　This shows that there is a large demand for property investment in the coming year. Ricacorp Real Estate research director Zhou that the positive attitude of home ownership, coupled with the economic environment is also conducive to the property market, I believe that both the use of home and investors will grasp the current good situation, put into action to implement the "car" or "change the floor" plan. It is expected that with the combination of both subjective and objective circumstances, the investment in property prices will be very buoyant this year, with a 20% to 135,000 increase in the number of transactions registered in the year, and a rise in property prices of at least 10%.