Slowdown in Chinese economy's growth together with perspective for interest rates hikes, as well as government's measures to cool down property market, make experts issue warning on possible correction of Hong Kong's real estate market, Bloomberg reports.

Last week Citigroup Inc. forecasted 7% price drop in the second half of this year, while Bocom International Holdings Co. thinks that fall migth be twice as much. 

Drop in real estate shares might prodive signals about possible decline in prices. Hang Seng Propery Index fell by 14% from peak level on January 26.

It is hard to believe that prices in the city, where apartment with the size equal to two parking spots is sold at $1 million, can fall. However, government's measures on market cooling as well as external threats, such as President Trump and his policy in relation to China might have intented effect.

Nomura Holdings Inc. does not see serious reasons for changes in prices, while Bank of America estimates 10%-20% correction in 2019-2020.

Some analytics still think that price can grow further. Still low mortgage rates as well as supply shortage that government failed to address can support this opinion.