INFLATIONARY PRESSURE: Faced with rising consumer prices and higher interest rates, landlords have sought to pass on the extra financial burden to tenants, analysts saidBy Crystal Hsu / Staff reporter
By Crystal Hsu / Staff reporterHousing transactions in Taiwan last year shrank 8.62 percent from a year earlier to 318,101, as economic uncertainty and unfavorable policy measures curbed property fever, brokers said yesterday, citing Ministry of the Interior data.
New Taipei City was the most popular destination for relocation among the six special municipalities in the first half of this year, when 46,000 people moved to the city, Great Home Realty Co (大家房屋) said on Tuesday, citing government data.
A total of 659,000 people changed their address nationwide, and New Taipei City stood out as the top choice, compared with Taipei, Taoyuan, Taichung, Tainan and Kaohsiung, Great Home Realty head researcher Mandy Lang (郎美囡) said.
Lang attributed the trend to relatively affordable housing prices and better job opportunity outlook in New Taipei City.
Living in New Taipei City is cheaper than