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Real estate market will not be affected by Fed's easing decision: realtors

TAIPEI, Taiwan -- The Fed's tapering of its quantitative easing (QE) measures is unlikely to affect the real estate market in Taiwan, local real estate companies said yesterday.

The Fed announced recently that, starting in January, it would reduce its bond purchases by US$10 billion per month. Some suspect that the decision will affect capital in the real estate market, as some of the capital may flow from Asia back to the U.S.

Real estate agencies said that there are many factors which may influence the real estate market, with interest rates identified as the number-one factor.

Sinyi Realty (信義房屋) research manager Tseng Chin-der (曾敬德) said that the impact of the Fed's decision is not likely to have a substantial impact on the real estate market, and it would only affect market confidence at the most. Tseng believes that interest rates will not be hiked in the near future, since the factors contributing to higher interest rates are not present yet.

Evertrust Rehouse Co. (永慶房屋) general manager Yeh Ling-chi (葉凌棋) said that the effect of the Fed's tapering off of quantitative easing has been felt in the market, and that the Fed's decision will only affect the psychology of buyers in the real estate market.

Yeh pointed out that the governments of Japan and European countries are expected to launch their own quantitative easing programs in 2014.

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