However, not all Hong Kong sellers are cashing out on a high. With the cooling of the London real estate market since 2022, some investors are facing declining asset values coupled with higher financing costs. As global interest rates have surged, highly leveraged investors are feeling the squeeze, and some are being forced to sell under financial pressures, which we have seen at Churchill Place in Canary Wharf. This trend could lead to similar sales later in 2025, with investors seeking to offload properties as banks puts pressure on the borrows due falls in asset value.