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Taiwan: Experts predict fall in housing prices

Posted on 09 January 2012

The housing market in Taiwan, which has been overheated for the last seven years, is expected to slow down with the price decreasing by 20-30 percent in 2012, experts said Sunday. The housing transaction in 2011 was estimated at around 363,000 units, a record low in eight years and a drop of 10 percent from 2010, according to Chinatrust Real Estate Co.

As a result of global stock market declines and Taiwan’s introduction of luxury tax last July, forecasts for the property market have become more conservative, My Housing Magazine said………………………………………Full Article: Source


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