Home ownership in Taiwan’s six special municipalities picked up in the first three quarters, with further acceleration expected as sales untether from local COVID-19 restrictions and unfavorable policy measures, H&B Realty Co (住商不動產) said last week, citing government data.
The broker attributed the uptrend to real demand, excessive liquidity and ultra-low interest rates.
The ratio of home purchases to total households rose above 2 percent in Taipei, Taichung, Tainan and Kaohsiung, and more than 3 percent in Taoyuan and New Taipei City, H&B said.
<strong>RECOVERY</strong>
The local housing market has since 2016 been recovering gradually but steadily, and loose liquidity worldwide following the COVID-19