Cambodia and Hong Kong property markets take big hit due to the pandemic

Property prices compared to incomes in Cambodia and Hong Kong have fallen more than any other country since the pandemic, a report from US healthcare company Aetna has found.

The cost to income ratio has fallen by -6.58 to 39.89 in Cambodia between 2019 and 2020, and by -5.86 to 43.52 in Hong Kong, as the two Asian markets are still some of the most expensive in the world.

There were also falls in more affordable countries Azerbaijan, which now has a cost-to-income of 16.45 after a reduction of -3.02, as well as Algeria (-2.51 to 17.37) and Kazakhstan (-2.33 to 9.36).

In full: https://www.propertywire.com/news/cambodia-and-hong-kong-property-markets-take-big-hit-due-to-the-pandemic/

© 2021, All rights reserved.