Get the app

Housing market transaction volume forecast to decline

TAIPEI -- The transaction volume of Taiwan's housing market for 2014 will drop to 2012 levels after seeing double-digit growth last year, a local real estate agent forecast yesterday.

Housing transactions across Taiwan will likely fall to 330,000 this year as capital flows from the real estate market to the stock market, said H.C. Chen, general manager of H and B Business Group's H and B Realty Franchise System Head Office.

"It's like this when we have an election year, when a lot of people are less willing to invest in the housing market," he said on the sidelines of his company's 35th anniversary ceremony in Taipei.

Prices, however, will stay at the same levels as last year or even rise slightly, Chen predicted.

You may also like...
Food Taipei: A springboard for El Salvadoran products
Taiwan's postage stamp prices are being raised for the first time in 26 years
Ko Wen-je told China straight-up that Tsai Ing-wen will be called president, not leader
LATEST: Chinese dissident Liu Xiaobo dies, Chinese government says
A blogger in Vietnam will spend 10 years in jail for comments about a Taiwan-owned factory's chemical spill
As it happened: 1 dead, 2 critical, 13 more injured in gas explosions
Updated with video: Riders are leaving their oBikes everywhere and some government officials won't take it anymore
LATEST: China 'has gotten an apology' after the White House confused the PRC and ROC
This blog is a lifesaver for Taipei parents with a toddler
Getting divorced in Taiwan? From custody to child support, this is what you need to know
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search