However, after 2017, housing prices continued to rise again, and the reason was similar to that in 2005. Due to rising labor and land costs, as well as the impact of the sharp increase in U.S. import and export tariffs on China, funds flowed back to Taiwan. . Andy Huang, head of research at Ripple International Property Co., points out that the government's incentives to encourage these companies to invest in .
Taiwan have further catalyzed the process. In the popular database second quarter of 2021, the Home Office's home price index rose 6.67% to 112.42, the largest increase since the first quarter of 2015. At a luncheon hosted by the European Business Association in Taiwan in October, JLL managing director Masayoshi Zhao pointed out that since 2003, excess capital and rising construction costs have doubled the cost of buying a home in Taiwan. Housing prices in Taipei have tripled.
Andy Huang said that due to the raging epidemic, people's travel and daily living expenses have been reduced, which has pushed up Taiwan's already high savings rate and provided banks with sufficient liquidity. He pointed out that from the beginning of 2020 to September 2021, the amount of national savings will increase by NT$4.5 trillion (under normal circumstances, this figure should be NT$50-800 billion). This has led to an increase in property transactions and speculation, further driving up house prices.
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