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In January, the secondary market saw 419 loss-making transactions, the highest since March 2023, including one transaction that lost HK$9.62 million (US$1.2 million).
House prices in the UK have continued to rise faster than incomes despite the economic turmoil of the COVID-19 pandemic and the inflationary crisis. However, they are predicted to fall now, leaving homeowners in negative equity limbo.
At the end of last year, the doomsayers were out in force. The housing market would crash, households would be left trapped in negative equity and the pain afflicting the real economy would finally catch up with the housing market.
A simple game plan could help him navigate this painful "business transaction."
Felicia Flinders was forced to spend more than eight years of her childhood staying with family, with no home of her own after her parents split up six months into her mother’s pregnancy.