W
ith the Federal Reserve cutting its target rate by 25 basis points to 4‑4.25%, and other central banks following suit, property investors should treat the easing as temporary. No substitute exists for thorough market‑specific research, says Knight Frank’s Liam Bailey. The Fed’s policy wields outsized global influence, and the dollar’s dominance in trade means similar easing is likely to ripple through other economies. Investors must navigate cross‑border regulation, tax, and borrowing hurdles, and plan accordingly. Bailey urges clarity on goals: income generation, capital appreciation, or a defensive safe‑haven stance. Comprehensive analysis should cover currency effects, entry/exit taxes, financing terms, operating costs, and liquidity. Treat monetary policy as a dynamic variable, not a fixed backdrop. In Hong Kong, where the local currency is pegged to the dollar, vigilance over sudden US policy shifts is essential.