Buying sentiment is sluggish and the number of transferred buildings in Liudu in August continues to hit a low

Buying sentiment was sluggish, and the number of transferred buildings in Liudu in August continued to hit a low. (Picture/File photo, taken by reporter Zhu Yuqiao)

The real estate market has entered the traditional off-season, and the market is still in a consolidation period after recent policy adjustments. The attitude of buyers is relatively conservative. However, experts believe that as the stock market performance stabilizes, economic growth maintains a certain momentum, and the Qing'an 3.0 policy continues, owner-occupied demand will still be an important force supporting the market. The housing market in the fourth quarter has a chance to pick up compared to the third quarter, but the overall bottoming and slow recovery pattern will remain.

Zeng Jingde, project manager of Xinyi Housing Real Estate Enterprise Research Office, said that in July, the Taiwan stock market fell from around 47,000 points, and once fell below 40,000 points, which will inevitably have some impact on market confidence. In addition, July has entered the traditional off-season for the real estate market, and there are relatively few working days in August. The combination of multiple factors has affected market buying sentiment.

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Zeng Jingde pointed out that looking forward to the market outlook, although the central bank has not yet further relaxed its housing market policy, the performance of the stock market has gradually stabilized and the economic growth performance has been relatively bright. Coupled with the implementation of the Qing'an 3.0 policy, it will still help support the owner-occupied market.

He believes that the current real estate market has clearly shifted towards "owner-occupation", investment buying has ebbed, and primary market buying has been flat, so it is still difficult for the market to rebound significantly in the short term. However, if the external economic environment remains stable and owner-occupied demand continues to accumulate, the housing market in the fourth quarter is likely to heat up compared to the third quarter, and its performance may also be better than the same period last year. The overall trend will be to bottom out and recover slowly.

On the other hand, Guan Qingzhi, deputy general manager of Baolin Advertising, reminded from the interest rate perspective that the market has recently increased discussions on interest rate hikes, but home buyers should not regard "interest rate hikes" as a decisive factor at a single point in time. He pointed out that mortgage loans often last 20 to 30 years, and the period of holding a house may have gone through a cycle of interest rate increases and decreases. Therefore, no matter when you buy a house, you may face changes in interest rates in the future.

Guan Qingzhi said that for home buyers who have a clear need for self-occupation, instead of delaying due to expectations of interest rate increases, it is not advisable to rush into the market because of news of interest rate cuts. The home purchase decision should ultimately come back to their own needs and financial planning, including income stability, mortgage burden, capital allocation and other conditions.