Taiwan’s housing market slowing sharply
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After three years of unbroken house price rises, Taiwan’s housing market is now slowing sharply, as economic conditions deteriorate.
In Greater Taipei, the Lutheran home price index posted a meager growth of 0.96% during the year ending in June 2012, according to Sinyi Real Estate Planning and Research. However, when adjusted for inflation, the index actually dropped 0.84% over the same period. Over the latest quarter, house prices in Greater Taipei dropped 1.1% (-3.12% inflation-adjusted) in June 2012.
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