Taipei Home Prices to Gain Even as Rates Rise, Citigroup Says
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Taipei’s home prices will rise for an eighth consecutive year as a rebounding economy and overseas fund inflows outweigh government efforts to rein in values, Citigroup Inc. said.
The average home price will increase by 7 percent to 10 percent this year in Taiwan’s capital, while prices in the surrounding areas will climb by 10 percent to 15 percent, Citigroup analyst Dave Chiou said in a telephone interview in Taipei. Property prices in the capital advanced 12.2 percent last year to a record, he said.