TAIPEI (TVBS News) — Taiwan's housing market may experience a significant slowdown in the fourth quarter of 2024, according to the Taiwan Institute of Economic Research (TIER, 台經院) on Wednesday (Sept. 25).
Analysts predict a contraction in transaction volumes, although prices will remain high and volatile.
TIER’s Taiwan Industry Economics Database researcher Arisa Liu (劉佩真) explained that the central bank's housing policies will impact the residential market more than commercial real estate.
Liu noted that the policy will also impact real estate agents, brokers, and small-to-medium-sized developers. State-owned banks have raised mortgage rates for second homes by 3%, widening the gap between buyers' and sellers' price expectations, she added.
After the central bank introduced its seventh wave of housing policies on Sept. 19, Central Bank Governor Yang Chin-long (楊金龍) stated yesterday that the bank will continue to gather feedback, and propose complementary measures or exemptions within a month.