The Influence of the COVID-19 on Hong Kong Housing Price

Abstract

This article mainly discusses the impact of the epidemic on housing prices in Hong Kong. Today, COVID-19 is still a pandemic with a high impact on a global scale, affecting people's lives in many ways. Compared with before the epidemic, Hong Kong housing prices have a certain downward trend. The purpose of this study is to explore the proportion of the epidemic and the factors that are mainly affected by the epidemic. Through the correlation analysis and regression analysis of the house price index, the price index and the impact of real estate investment, it is found that the negative impact of the current epidemic on housing prices is relatively obvious, and its impact is gradually analyzed. Finally, it is concluded that the epidemic affects the supply and demand of real estate by affecting the number of people, and ultimately affects housing prices. However, because the government and real estate developers have introduced corresponding policies to deal with the epidemic, it is difficult for the future house price expectations to be significantly reduced.