Nationwide house prices rose by 3.55% in Q2 2020 from a year earlier, its best showing since Q3 2014. Quarter-on-quarter, house prices increased 1.38% in Q2 2020.
The housing market slowed in recent years, after dramatic government measures to curb speculative house purchases.
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Rents, rental yields: amazingly low yields in Taipei at 1.57%
Taipei apartment costs are at $7,112 per sq. m.
| Taiwan: typical city center apartment buying price, monthly rent (120 sq. m) | |||
| Buying price | Rate per month | Yield | |
| Taipei | $853,440 | $1,117 | 1.57% |
Recent news. The economic repercussions of the COVID-19 outbreak in Taiwan is relatively milder than in neighboring countries, with the Taiwanese economy shrinking slightly by 0.58% year-on-year in Q2 2020, following a 2.2% growth in Q1. But still, it was the first contraction since Q1 2016. For the first half of 2020, the economy grew by 0.41%. Recently, the Directorate General of Budget, Accounting and Statistics (DGBAS) predicted that the economy will grow by 1.56% this year, following expansions of 2.71% in 2019, 2.75% in 2018, 3.31% in 2017, 2.17% in 2016 and 1.47% in 2015.
Source: (Global Property Guild}
