“Tumbling housing prices may finally arrest their decline in 2025 as Fed rate cuts open a path to cheaper mortgage financing,” Bloomberg Intelligence analysts led by Patrick Wong wrote in a note.
Hong Kong’s beleaguered real estate market looked set for some relief after the city cut its base interest rate for the first time since 2020, mirroring the US Federal Reserve’s policy easing.
The Hong Kong Monetary Authority (HKMA) lowered rates by a half percentage point to 5.25% on Thursday from the highest level since 2007. That move was widely anticipated as the city has a currency peg to the greenback and follows the Fed in lockstep.
