Housing sales surge in first two months

SLOW SEASON: One analyst said that the market could improve further next quarter, when local builders and developers are expected to launch new housing products

Taipei Times
Date: Mar 02, 2019
By: Crystal Hsu  /  Staff reporter

Major property brokers saw their housing transactions pick up by double-digit percentage points in the first two months of this year and expect the market to fare better with the advent of spring sales season.

Evertrust Rehouse Co (永慶房屋), Taiwan’s largest broker by number of offices, in the first two months observed a 38 percent jump in housing deals from a year earlier, despite an economic slowdown.

Brokers generally combine January and February sales when analyzing the market to mute disruptions caused by the Lunar New Year holiday.

Buying interest gained noticeably after this year’s nine-day holiday, especially among first-time buyers and other people with real demand, Evertrust researcher Jay Hsieh (謝志傑) said.    [FULL  STORY]

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