Despite the cold wind in the real estate market, it actually rose against the trend! Housing prices in Yunlin increased by 2.31% year-on-year. Is purchasing sentiment picking up across Taiwan?

According to the latest "Tsinghua Anfu House Price Index" released by HousePlus, Yunlin County's house price index increased by 2.31% year-on-year, an outstanding performance at a time when Taiwan's real estate market is still consolidating. (Picture/Information photo)

The transaction volume of the real estate market has rebounded, and housing prices in some non-Liudu counties and cities have bucked the trend! According to the latest "Tsinghua Anfu House Price Index" released by HousePlus, Yunlin County's house price index increased by 2.31% annually, an outstanding performance at a time when Taiwan's real estate market is still consolidating; Chiayi County's annual growth rate also reached 3.05%, and Nantou County's annual growth rate was 0.90%. However, Taiwan's residential price index still fell by 0.92% year-on-year, and house prices in some central and southern metropolitan areas also continued to correct, with obvious regional trends diverging.

The latest data shows that in August, real-price residential transactions in Taiwan reached 11,379, a monthly increase of 4.41% and an annual increase of 11.99%; the residential price index increased by 0.10% monthly, showing a pattern of rebounding transaction volume and slight increase in housing prices. However, whether it can represent the official recovery of the housing market remains to be confirmed by follow-up data.

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In terms of housing prices in the six cities, Taipei City is the only city with positive growth among the six cities, New Taipei City has an annual decrease of 0.02%, which is almost the same, Taoyuan City has an annual decrease of 0.27%, and prices are relatively stable; Taichung City, Tainan City, and Kaohsiung City have annual decreases of approximately 2% to 2.6%, and are still facing correction pressure.

In terms of transaction volume, Tainan City's annual growth rate was 35.12%, making it the city with the most outstanding growth among the six cities. Taipei City's monthly transaction volume also increased by 6.41%, ranking first among the six cities. As for non-Liudu counties and cities, Hsinchu County, Miaoli County and Pingtung County all experienced an annual decrease in housing prices of more than 3%, and Pingtung County’s transaction volume even decreased by 6.29% year-on-year, showing that there is still a significant gap in the housing market in various regions.

Overall, the transaction volume across Taiwan in August increased compared with the same period last year, but prices did not rise simultaneously. Yunlin, Chiayi and other counties and cities bucked the trend and increased, which also attracted attention in non-six city housing markets. Whether the subsequent buying momentum can continue, and whether housing prices will gradually stop falling, we still need to observe the changes in trading volume and the actual performance of each region.