Swiss bank second financial institution to predict a drop in city home prices.
UBS is expecting Hong Kong property prices to decline 5 percent in 2022, the South China Morning Post reported, saying it is the second bank after Morgan Stanley to do so.
The newspaper cited a speech by John Lam, the head of China and Hong Kong property research, made at UBS's annual conference for Greater China.
Lam indicated at the conference that emigration, slowing economic growth on the mainland, and capital outflows resulting from tightening regulations in China as well as rising interest rates in the US will all contribute to the slide in prices.
By contrast, JP Morgan indicated last week that is expected Hong Kong property prices to continue rise by 5-10 percent on an expectation they will benefit from an economic rebound, which should mitigate the effects of emigration.
