Taiwan's house prices continue to surge, despite government curbs
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Despite the introduction of a property tax and other anti-speculative measures early this year to cool the residential property market, house prices in Taiwan continue to surge.
The national average house prices soared by 8.2% y-o-y to Q2 2011, according to Sinyi Realty, Taiwan’s biggest real estate brokerage. On a quarterly basis, house prices rose by 3% over the same period.
House prices in all areas have increased:
The ongoing boom is a result of Taiwan’s improved relationship with China, low interest rates and increased credit availability.
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