| 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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