SLOW, STEADY:
Home prices in the nation’s seven largest metropolitan areas rose no more than 1 percent, suggesting a measured pace of growth, Evertrust’s Yeh said
By Crystal Hsu / Staff reporter
Taiwan’s housing market is entering a phase of modest growth this quarter as strong exports, rising stock-market wealth and improving economic sentiment lift buying interest, although tight lending conditions are expected to cap the pace of recovery, Evertrust Rehouse Co (永慶房屋) said yesterday.Existing-home transactions in the first half of this year rose about 5 percent from a year earlier, and the market is expected to see modest gains in activity and prices over the next three months, Evertrust told a news conference in Taipei, citing a quarterly survey.“The wealth effect from the stock market has started to spill over into the property market,” Evertrust general manager Yeh Ling-chi (葉凌棋) said, adding that housing prices across Taiwan largely stabilized in the second quarter while transaction volumes showed signs of recovery.
Evertrust Rehouse Co general manager Yeh Ling-chi poses for a photograph in Taipei yesterday.
