Property Transactions in Hong Kong have recently spiked in March/April 2009 !

Landlords have finally come to grips with reality and dropped their prices.  Property Cosumers sitting on the sidelines have jumped in to take advantage of 20 to 40% drops in prices.

If you want to get the latest Hong Kong Property Transaction Data - Please click on the link below:

http://www.propgo.com/hongkong/property/residential/property_transaction.page

Rental prices in HK have also droped and tenants have been switching apartments to take advantage of lower prices and better offers.

The term is 'Pent up Demand' - This spike is mainly attributed to consumers and landlords frozen from October 2008 to March 2009.   Activity slowed to a screatching hault in the real estate market in hong kong. 

The recent spike in activity is mainly due to 'Pent UP Demand' Landlords need to sell or rent their units - Consumers need to Buy or Rent their units - eventually.  The Drop in Prices has brought the Buyers & Sellers together and a 'Spike in Activity' is what we saw in March and April.

PropGO.com anticipates a Drop in Activity going forward from current highs.  But we see a Floor in Sight as panic has left the market and there is a base line of confidence.

Agents, Consumers, and Property Investors thoughts welcome to join this discussion.

If you want to get the latest Hong Kong Property Transaction Data - Please click on the link below:

http://www.propgo.com/hongkong/property/residential/property_transaction.page