Bricks and mortar seem to retain their solidity in an uncertain economic climate and when facing a battering from volatile financial markets. When all else appears precarious, investing in homes offers some security.
Most countries in Asia experienced price growth in their residential property markets during the second quarter of this year. Shining brightest was Hong Kong, which had its strongest quarterly growth since the third quarter of 2009.
However, sentiment continues to be influenced by the uncertain global economic backdrop, according to Nicholas Holt, in the latest edition of Knight Frank’s Asia-Pacific Residential Review.
Several conflicting forces seem to be at work,...