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Rising Interest Rates and Increased Electricity Prices: Expert Analysis on Two Major Trends in the Housing Market

The Taiwan Economic Development Research Center of National Central University released the March Consumer Confidence Index on March 27, which showed that consumer confidence in home buying was “optimistic” for the 43rd consecutive month. However, the central bank raised interest rates by half a point, and electricity prices increased by an average of 11% in April. Experts believe that as costs continue to rise, house prices and rents tend to rise more easily than fall. It is expected that the housing market will see two major trends: the “anti-inflation home buying wave” and the “lease-to-buy first-time purchase wave.” In the face of the central bank’s interest rate hikes, experts analyzed that the transaction ratio of old houses and small houses in Beishi City is high, and the loan conditions for these two types of properties are poor. In addition, there are few new cases in Beishi City, which has led to low loan ratios and high interest rates. According to the latest survey, Tainan City accounts for five of the top ten administrative districts in seven metropolitan areas across the country where renting is worse than buying.

▲The central bank maintains the status quo for luxury housing standards, and subsequent market observations will focus on the ripple effects of “increased electricity prices” and “increased interest rates.”

★Raise interest rates and increase electricity prices Experts: The housing market will see two major trends

Taiwan Economic Development Research Center, National Central University, Marchconsumer confidence index(CCI), in the “Timing to Buy Real Estate” indicator part, this month’s survey result was 106.26 points, a slight decrease of 0.08 points from the previous month, but a significant increase of 2.31 points compared with the same period last year, and the score has remained above 100 for 43 consecutive months. The optimistic range…<Detailed full text

★Rising interest rates increase the pressure on mortgage loan borrowers, experts warn that Category 2 property loans should be paid attention to

According to the latest data from the Joint Research Center, compared with the central bank’s six-waveRaise interest ratesCompared with the first quarter of 2022, the number of approved loans nationwide increased slightly by 0.12 percentage points, and the interest rate increased by 0.66 percentage points. Among them, the increase in loan interest rates and the decrease in the number of approved loans in Beijing City ranked first among the six cities. Experts analyze that the loan conditions for these two types of properties are poor…<Detailed full text

★The top ten “renting is worse than buying” areas in Taiwan have been revealed, and half of them are located in this county and city

Taiwan’s central bank raised interest rates without warning last week. Immediately there were rumors that landlords were planning to raise rents, leaving renters crying out for help. On the other hand, the government froze and raised mortgage interest rates in Xinqing’an, and homebuyers breathed a sigh of relief, creating a sharp contrast between the two. According to market survey statistics, the median rent and total price of each administrative district in the seven cities in 2023 and the monthly repayment amount were calculated, and the top ten administrative districts in the seven cities where “renting is worse than buying” were calculated… <Full text>

★The number of social housing units nationwide is 168,000 and is expected to reach 200,000 by the end of the year

The Ministry of the Interior pointed out on March 28 that the current progress of direct construction of social housing in the country reached 96,510 units, and 72,370 units were leased and managed. The cumulative number of social housing units nationwide has exceeded 168,000 units, and it is expected to reach 200,000 units in eight years by the end of the year. Goal…<Full text>

★Top 10 land transactions in Taichung are revealed, Beitun has the highest gold content and wins the throne of transaction king

According to statistics from Xinyi Global Asset Company, the value of land transactions in Taichung last year reached nearly 20 billion yuan, ranking among the top tenlandIn the transaction ranking, Beitun District has three seats on the list, and the region has the highest gold content. Looking forward to this year, the new Qing’an loan policy will stimulate a wave of house purchases. As the industry expands investment, industrial land will also set off another wave of land purchases…<Detailed full text

★There are no major cases missing. The sales volume of new construction projects in northern Taiwan will increase by 14.7% annually in 2023.

The housing market in Northern Taiwan will still perform well in 2023. The market research agency pointed out that in 2023, a total of 172 new construction projects in Northern Taiwan will be completed (open and closed construction projects in 2023), an increase of 14.7% compared with 2022, an increase of 22 cases. Among them, Taoyuan City has the most cases with 59 cases, followed by New Taipei City and Yilan Region with 36 cases each… <Full text>

★【House Price Sniper】Rise by 50% in 6 years!Sanchong Renyi rezoning area “surprised to see a deal with a starting price of 7” Expert: The hinterland is small, rapid development still has potential

Sanchong District, New Taipei City, is located in the first ring road of Taipei City. In the early days, it attracted many Beipiao ethnic groups from the central and southern parts of the city to migrate. However, the streets were old and messy. The neat street outlines in the rezoned area were favored by many foreigners and locals. The benevolent and righteous rezoning The district is close to the Tamsui River and is only separated from Shilin, Taipei City by a bridge. Since the project was launched in 2018, the increase has been as high as 50% in just 6 years. The highest transaction price of a new project has reached the prefix 7… <Full text>

“This Week’s Real Estate Focus” collects and compiles information related to home buying and selling throughout the week, as well as the news that netizens are most concerned about and discussed most, and presents it completely at once, and publishes it on time every week.

2024-03-29 01:58:05
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