Housing transaction value plunges over 20% in 2015

Taiwan News
Date: 2016-02-20
By: Central News Agency

Housing transaction value in Taiwan fell sharply in 2015, down more than 20 percent from a year earlier, at a time when the local economy showed signs of slowing down, according to market statistics.

In 2015, the transaction value of homes, shops and offices in the local market totaled NT$2.92 trillion (US$86.9 billion), down almost NT$1 trillion or 24 percent from a year earlier, the statistics showed.

In terms of transaction volume, the data indicated that residential and commercial property for 2015 fell 8 percent from a year earlier to 294,000 units, which was also evidence of weakness in the local property market.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.