Housing prices picked up nationwide last year, supported by an economic boom, excessive liquidity and low interest rates, but the population is shrinking, which is unfavorable for the property market in the long run, analysts said yesterday.
Taiwan’s population stood at 23,375,314 last year, contracting 1 percent, or 228,000, after mortality rates officially overtook birthrates in 2020.
The populations in the special municipalities of Taipei, New Taipei City, Taichung, Tainan and Kaohsiung declined by a combined total of 181,194, H&B Realty Co (住商不動產) said, citing Ministry of Interior data.
Taipei lost the most people at 118,484, followed by Kaohsiung (29,880), Tainan (18,157), New
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