The collapse of the real estate market in Hong Kong is just around the corner?

On the eve of 2012, leading analysts and Hong Kong real estate specialists began to seriously discuss the possibility of collapse of the real estate market. As the site correspondents noted seriously, they began to relate only today, when the situation really accepts serious turnover. The thing is that Hong Kong real estate becomes more difficult to sell, and the cost is steadily falling. It seems that analysts were not mistaken in their assessments. In December alone, the month of last year recorded a reduction in the number of transactions conducted with real estate by 10%. This is the lowest indicator that has been recorded since the beginning of the crisis period of 2008. Throughout last year, only 84 managed to conclude.4 thousand transactions, these figures indicate a reduction in the number of transactions by 40%. Impressive data confirm forecasts regarding the collapse of the real estate market. Worst of all, apartments and country houses are now sold now. The “primary” is very oversaturated with residential real estate, due to this developers often reduce the cost of square meters in new buildings. Things are best in the primary market, while the secondary market suffered much more.