Hong Kong Homes Face 20% Price Drop as Banks Raise Rates

Hong Kong officials, who have struggled in vain for three years to slow the growth in home prices, are about to get their wish as the city’s biggest banks raise mortgage rates. Prices could fall as much as 20 percent over the next two years, according to Deutsche Bank AG, after lenders including…

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Hong Kong Homes Face 20% Price Drop as Banks Raise Rates

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