Chinese luxury home sellers in Hong Kong jumped 10.6%

This is in terms of volumes.

It has been noted that while the percentage decline in Mainland buyers of homes in Hong Kong may be explained by greater local participation, an examination of luxury home sellers reveals an even more interesting trend.

According to a research note from Barclays, over the past year, in the luxury secondary market, the percentage of Mainland Chinese sellers increased from 6.5% in 4Q13 to 10.6% in 4Q14 in terms of volumes.

Further, in terms of transaction value, the ratio goes up even more significantly, from 8.1% to 15.0%.

Here's more from Barclays:

Mainland Chinese buyers have long been regarded as an important source of marginal demand. This has been the case not only for Hong Kong retail sales but for the local housing market as well.

Usually, with China easing and the strong momentum in the Hong Kong housing market, one should expect Chinese buyers to jump back on the bandwagon, but a review of purchases shows that the percentage of mainland buyers dropped in 4Q 2014.

According to data from Centaline, in 4Q 2014, Chinese buyers represented only 5.6% of overall volumes (down from 8.2% in 4Q 2013).

In the luxury market, Chinese buyers declined from 18.3% in 4Q13 to 13.6% in 4Q14. In a more surprising turn of events, in the secondary luxury market, the percentage of Chinese sellers increased from 6.5% in 4Q13 to 10.6% in 4Q14.