Tainan’s housing prices fell the most among the six cities! The official average price has continued to rise in May. Experts: "The highest price can be negotiated by 10%" for second-hand houses

Experts say that the momentum for rising prices of antique houses in Tainan City is indeed limited, but although they are showing a consolidation trend, the bargaining space has remained stable at about 10%, and there has been no sharp collapse. (Provided by Xinyi Housing)

According to the latest Xinyi House Price Index, the historic house price index fell the most in Tainan City in the third quarter of this year. However, according to the official "Tainan Real Price Network", since April this year, the average price of residential buildings in the city has been growing at an annual rate of 2.23% to 10.7% for five consecutive months. All have shown positive growth and have stabilized the number of 3-digit houses. According to expert analysis, after excluding pre-sold houses and newly completed houses, the momentum for rising prices in the second-hand house market is indeed limited. However, the domestic economic momentum is still supportive and the demand is stable every year. Therefore, despite the consolidation trend, the bargaining space has remained stable at about 10%, without a sharp collapse.

Observing Tainan City's official "Tainan House Price Observatory", after excluding pre-sales and outliers, the city's average building transaction price has shown positive annual growth rates in the past five months. And if we look at the administrative districts alone, the average annual growth rate of building prices in Annan and Anping districts has maintained positive growth in the past four months. Among various districts, the fluctuation range is smaller.

Zhang Rong, associate manager of Xinyi Housing Tainan Minsheng Store, analyzed that the Xinyi House Price Index focuses on the second-hand house market and does not include pre-sales and newly-existing house transactions. This reflects that the transaction price volume of Tainan second-hand house products has indeed been in a consolidation stage in the past two years, and the momentum to continue to push up housing prices is relatively weak. Although the data from the Tainan Housing Price Observatory excludes pre-sales, it should reflect housing prices including newly-built houses and second-hand houses, so prices appear to be more supportive. It is speculated that this is also the reason why price fluctuations appear smaller in Annan and Anping Districts where there are more newly-built houses.

Overall, Zhang Rong believes that the AI and technology industries are currently ramping up, and funds are being invested in the stock market. Some of the funds are also expected to be gradually returned to the housing market in the future. In addition, the number of transferred buildings in Taiwan in the past three years can maintain a level of 260,000 to 350,000. , although Tainan’s housing market is consolidating, it will not collapse. Excluding a few extreme cases, the bargaining space for second-hand houses is about 5 to 10%. For first-time buyers and house-changing groups, it will be a relatively easy time to negotiate prices and have a more diverse selection of items.