Hong Kong home prices eased in July, ending the longest winning streak since 2018, official data showed on Thursday.

The price index for private domestic homes slid 0.5 percent in July from a month earlier, figures released by the Rating and Valuation Department showed. That snaps a 13-month streak of gains. The index is still up 7.3 percent from the end of last year through July.

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The price decline comes after a downward trend seen in transactions and considerations last month. The city recorded a more than 40 percent slump in home sales volume and values in July from a month earlier, according to land registry data.

The Hong Kong Special Administrative Region has seen strong home sales in the first half of 2026, largely supported by Chinese mainland buyers, accounting for about half of first-hand residential sales by value in the three months ended March, according to Bloomberg.

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Real estate agency Centaline Property said in a report that the city’s overall property sales are expected to fall further in August to the lowest in 18 months as buyers turn conservative.