Hong Kong Home Prices Seen Weakening but Only Briefly After Huge Protests: Realtors

Hong Kong Home Prices Seen Weakening but Only Briefly After Huge Protests: Realtors
Cable cars move past residential flats at Lantau island in Hong Kong, China on May 30, 2018. Bobby Yip/Reuters
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HONG KONG—Mass demonstrations in Hong Kong in recent months will have only have a short-term impact on its housing market, with pent-up demand and a shortage of land expected to support prices, realtors said on July 24.

Real estate consultancy Colliers International forecast housing prices in one of the world’s most expensive property markets will fall 4 percent in the second half, but still rise 6 percent for the full year.