The central bank will hold a meeting, and more than 40% of the people expect to moderately relax credit controls on home purchases.

For home buyers, changes in interest rates are closely related to monthly mortgage payments. (File photo)

[Reporter Xu Yiping/Taipei Report] The central bank’s third-quarter board of governors meeting is about to take place. Real estate agents have released the latest housing market survey report. As many as 41.2% of respondents agree that the central bank will moderately relax existing credit control measures for first-time homebuyers and homebuyers who need to live in their own homes. As for the rate of requesting full relaxation, about 17%, and another 13.1% of respondents believe that it is not appropriate to relax and that existing controls should be maintained.

CITIC Housing released the latest housing market survey report. As for the trend of housing prices in the fourth quarter, 64.1% of the respondents believed that housing prices would be flat. However, 28.1% of the respondents believed that housing prices would rise, an increase of 1.7 percentage points compared with the previous quarter. Only 7.8% of the respondents believed that housing prices would fall.

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As for when is a good time to buy a house, as many as 50.2%, and more than half of the respondents believe that it will not be suitable to buy a house within two years, followed by 27.5% who think that it will be a good time to buy a house in one year, and only 9.2% think that now is a good time to buy a house.

Zhuang Simin, deputy manager of CITIC Housing Research and Exhibition Office, pointed out that the two key indicators of "bullish ratio" and "entry timing" have rebounded compared to the previous quarter, reflecting that under the strong support of inflation expectations and rigid demand, the public's wait-and-see sentiment has eased and the housing market confidence has steadily increased.

More than 50% believe that it will not be a good time to buy a house within two years

As for the public concern about whether the central bank will raise interest rates at this meeting of the Board of Supervisors, only 13.7% of respondents believe that interest rates should be raised, and even 31.4% believe that interest rates should be cut. About 22.2% believe that the status quo should be maintained.

Zhuang Simin said that for home buyers, changes in interest rates are closely related to monthly mortgage payments. Once interest rates rise, it will not only increase holding costs, but may also cause some people who are originally evaluating home purchases to choose to postpone their decision. Especially since the current real estate market has just received relatively positive news, if interest rates are raised rashly, some buyers who originally intended to enter the market may adopt a wait-and-see attitude again, thereby prolonging the time for the market to bottom out.

41.2% of the respondents believed that the central bank should moderately relax credit controls on home purchases by owner-occupiers. (Provided by CITIC Housing)

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