What’s In Store For The Property Market In 2019? – A Snapshot

What’s In Store For The Property Market In 2019? – A Snapshot

In 2019, it is unlikely that the government will withdraw the cooling measures unless there is a sharp drop in demand and property prices.

The authorities will prevent a steep decline in transaction volume and prices because that will cause a cascade of negative effects on the economy, the property market, and consumers.

Developers with completed but unsold units will undergo increasing pressure to pay hefty Qualifying Certificate (QC) charges.

They will be forced to provide more buying incentives or lower their prices to stimulate demand.

Sellers will have to deal with lower rental demand and yields, increase in mortgage rates, and higher expenses.

They will be also be challenged by increase in unemployment rate and a potential slow down in the economy.

The forces of the property market are increasingly converging to herald a perfect spring for property buyers and investors.

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