Taipei home prices might be stabilizing

SURVEY:Knight Frank said the drop in Taipei’s prices last year meant it bucked the average for price increases for the 150 cities tracked in its market sentiment ranking

Taipei Times
Date: Apr 24, 2017
By: Crystal Hsu / Staff reporter

Home prices in Taipei fell 1.2 percent last year from a year earlier, but the market has shown signs of stabilization this year as evidenced by a sharp increase in transactions last quarter, global real-estate consultancy Knight Frank said in a survey released last week.

Taipei’s decline bucked the average price increase of 6.6 percent for 150 global cities tracked by Knight Frank and earned Taipei the 133th berth on the company’s market sentiment ranking, the quarterly survey showed.

Taipei’s performance was better than Singapore’s 2.6 percent fall and Russia’s 15 percent price correction, the survey said.

Nine Chinese cities made the top 10 list last year, with Nanjing taking first place with a 41.1 percent price increase, the poll found.    [FULL  STORY]

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