The COVID pandemic and political upheaval have not affected Hong Kong's housing market
which continues to be the most expensive in the world.
However, there is one thing that it cannot avoid: increasing interest rates.
Goldman Sachs analysts forecasted in a letter on Tuesday that home prices in Hong Kong, which have historically been the most expensive property markets in the world
Most expensive property markets in the world, might decrease by 30% by the end of 2023 when compared to 2021's prices.
According to the investment bank, home values have already decreased by 8% so far this year.