Hong Kong risks a real estate crash, IMF says

December 12, 2012
December 12, 2012

A link from IMF

A sharp rise in home prices in the Chinese territory raises the risk of an abrupt correction, the IMF has said. This poses risks to the banking system, as the property sector represents half of outstanding loans for use in Hong Kong. A sharp property price correction would lead to an “adverse feedback loop between economic activity, bank lending, and the property market,” the IMF continued.

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