Home prices fall again in August

Home prices slumped to an eight-year low in August after the fourth monthly decline in a row. Figures from the Rating and Valuation Department released on Thursday showed that prices of private flats dipped by 1.7 percent from the previous month, and more than 13 percent year-on-year. Since January, prices have fallen 6.2 percent. Prices of small and medium-sized flats were down 1.7 percent in August compared to July, while those for larger units fell 1.3 percent. Rents, however, rose 1 percent, going up for the sixth straight month and reaching a five-year high. Rents were up 7 percent year-on-year. They have risen 6.2 percent since the start of the year.

Home prices fall again in August

Home prices fall again in August

Home prices fall again in August

Home prices fall again in August

Home prices fall again in August