Property for sale in Taiwan
Taiwan is a small island nation, 180 km from China. It includes modern cities, traditional Chinese temples, thermal springs and a scenic mountainous landscape. The capital of Taipei, in the northern part, is known for its vibrant night markets, Chinese imperial art at the National Palace Museum and Taipei 101, a 509-meter bamboo skyscraper with a viewing platform.
The real estate market in northern Taiwan experienced a little difficulty in August, indicating a contraction after the property transactions for sale in Taiwan fell during the month.
A decline in the listing of newly built residential properties and advertising for real estate sales also supported the growing pessimism on the real estate market in August.
The property index for sale in the north of Taiwan fell 1.3 points from the previous month to 30.9 points.
The index covers the major counties and cities in northern Taiwan such as Taipei, New Taipei, Keelung, Taoyuan, Hsinchu and Yilan, accounting for over 50% of total and commercial real estate transactions in the country.
In particular, property transactions for sale in Taiwan, offices and stores in Taipei, Taiwan's most seen property market, fell 27.8% from the previous month, the most pronounced decline among the six cities in August.