Real estate in Taiwan: from slow recovery to rapid rise!
Yes, there is finally good news coming from an "area that, in recent years, was experiencing problems. After exactly two years of prices in extreme decline and stalemates that seemed not to want to leave the small island nation, the arrows began to score positive points in the real estate market.
According to statistical data, home prices are gradually increasing, and, even more reassuring, demand also appears to be experiencing this growth in parallel.
The price index increased precisely by 1.83% as early as 2018 (exactly in the last quarter of the year). On a quarterly basis, national companies recorded an increase of 0.49%.
But which are the cities that, in detail, continue to gain share in the international scenario, allowing greater interest from investors?
To better facilitate the situation, we have decided to include a small list of the main realities of the island.
In Taipei, the capital, house prices rose slightly, by 0.68% (-0.88% adjusted for inflation) during the year up to the first quarter of 2018,
In Xinbei, house prices rose instead of 2.45% (inflation adjusted for 0.86%) in the first quarter of 2018, a marked improvement compared to last year's 0.6% growth
In Taoyuan, house prices are up 4.79% (3.17% adjusted for inflation), its fifth consecutive quarter of growth!
In Hsinchu, property prices touched 4.19% more (2.57% adjusted for inflation), compared to 2.1% recorded last year and the biggest year-over-year growth since the fourth quarter of five years ago .
In Taichung, house prices increased by 3.7% (2.16% adjusted for inflation), an improvement over the 2.4% growth reported in the first quarter of two years ago.
In Kaohsiung, residential property prices rose slightly by 0.7% (-0.79% adjusted for inflation).
Generally it is clear that there has been a chain reaction, which has involved not only these main centers, but also the neighboring areas.
In terms of units sold, we speak of 66,000 new properties, an increase of (4% compared to 2017).
According to the forecasts of economists, the market should further strengthen in 2019, thanks to numerous foreign investments, accelerating the economic return in the most important areas.
Also in 2017, real estate transactions in Taiwan increased by 8% on a 260,000 unit basis, in stark contrast to the previous decreases that had been a warning bell for the entire economic system of the country.
What is the only problem that still persists?
The inability to easily access the real estate market. In fact, excluding a target of buyers with substantial resources, the remaining part of the potential investors appears to be automatically excluded from this economic environment.
However, it is hoped that these numbers will continue to grow and, why not, generally improve the entire economic situation of the country.
According to statistical data, home prices are gradually increasing, and, even more reassuring, demand also appears to be experiencing this growth in parallel.
The price index increased precisely by 1.83% as early as 2018 (exactly in the last quarter of the year). On a quarterly basis, national companies recorded an increase of 0.49%.
But which are the cities that, in detail, continue to gain share in the international scenario, allowing greater interest from investors?
To better facilitate the situation, we have decided to include a small list of the main realities of the island.
In Taipei, the capital, house prices rose slightly, by 0.68% (-0.88% adjusted for inflation) during the year up to the first quarter of 2018,
In Xinbei, house prices rose instead of 2.45% (inflation adjusted for 0.86%) in the first quarter of 2018, a marked improvement compared to last year's 0.6% growth
In Taoyuan, house prices are up 4.79% (3.17% adjusted for inflation), its fifth consecutive quarter of growth!
In Hsinchu, property prices touched 4.19% more (2.57% adjusted for inflation), compared to 2.1% recorded last year and the biggest year-over-year growth since the fourth quarter of five years ago .
In Taichung, house prices increased by 3.7% (2.16% adjusted for inflation), an improvement over the 2.4% growth reported in the first quarter of two years ago.
In Kaohsiung, residential property prices rose slightly by 0.7% (-0.79% adjusted for inflation).
Generally it is clear that there has been a chain reaction, which has involved not only these main centers, but also the neighboring areas.
In terms of units sold, we speak of 66,000 new properties, an increase of (4% compared to 2017).
According to the forecasts of economists, the market should further strengthen in 2019, thanks to numerous foreign investments, accelerating the economic return in the most important areas.
Also in 2017, real estate transactions in Taiwan increased by 8% on a 260,000 unit basis, in stark contrast to the previous decreases that had been a warning bell for the entire economic system of the country.
What is the only problem that still persists?
The inability to easily access the real estate market. In fact, excluding a target of buyers with substantial resources, the remaining part of the potential investors appears to be automatically excluded from this economic environment.
However, it is hoped that these numbers will continue to grow and, why not, generally improve the entire economic situation of the country.
