Home » Taiwan » Taiwan – Buying Property

Taiwan – Buying Property

Legal Restrictions on Property Ownership and Sale in Taiwan

Taiwan has specific regulations regarding property ownership by foreign nationals. While there are legal provisions for foreigners to own property in Taiwan, certain restrictions and conditions apply:

  • Foreigners Eligible: Foreign individuals, as well as foreign corporations, are generally eligible to purchase property in Taiwan.
  • Land Area Limits: There are land area limits for foreign individuals. For example, in municipalities like Taipei and Kaohsiung, foreign individuals can purchase up to 500 square meters of land for residential use. Outside these municipalities, the limit is 1,000 square meters.
  • Real Estate Investment Company: Foreign investors can establish or invest in a real estate investment company in Taiwan to bypass certain restrictions.

It’s essential to consult with a legal expert or the Taiwan National Immigration Agency to understand the most up-to-date regulations and requirements for property ownership.

Average Property Prices in Taiwan and Regional Variations

Property prices in Taiwan vary significantly between regions, with higher prices typically found in major cities:

  • Taipei: Taipei, the capital city, has some of the highest property prices in Taiwan, with average prices ranging from TWD 500,000 to TWD 1,000,000 per square meter, depending on the district.
  • Kaohsiung: Kaohsiung is another major city with relatively high property prices, though generally more affordable than Taipei.
  • Taichung: Taichung offers a more moderate property market, with average prices ranging from TWD 200,000 to TWD 600,000 per square meter.
  • Tainan: Tainan, in southern Taiwan, has relatively lower property prices compared to northern cities.

Property prices also vary based on factors such as proximity to amenities, transportation hubs, and scenic areas.

Popular Locations to Buy Property in Taiwan

Several locations in Taiwan are popular among property buyers:

  • Taipei City: Taipei City, the political and economic center, attracts buyers seeking urban living and career opportunities.
  • New Taipei City: Surrounding Taipei City, New Taipei City offers a mix of urban and suburban living.
  • Taichung City: Taichung City’s central location and pleasant climate make it an appealing choice.
  • Kaohsiung City: Kaohsiung City, located in southern Taiwan, is known for its vibrant culture and beautiful coastline.

These areas offer diverse lifestyles and investment potential.


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


New Upcoming Areas in Taiwan

Taiwan is continually developing new areas that may be attractive to property buyers:

  • Taoyuan City: Taoyuan City, with its proximity to the international airport, is becoming a hub for businesses and transportation.
  • Hualien County: Hualien County, on Taiwan’s east coast, is gaining attention for its natural beauty and eco-tourism opportunities.
  • Pingtung County: Pingtung County, in southern Taiwan, offers affordable properties and is known for its agriculture and tourism.

These emerging areas may present investment prospects and unique lifestyles.

Trends in the Property Market in Taiwan

The Taiwanese property market experiences various trends:

  • Smart Homes: Increasing interest in smart home technology and energy-efficient properties.
  • Urban Renewal: Redevelopment and urban renewal projects are transforming older neighborhoods in major cities.
  • Foreign Investment: Continued foreign investment in Taiwan’s property market.

These trends reflect evolving preferences and market dynamics.

Is Buying Property a Good Investment in Taiwan?

Buying property in Taiwan can be a viable investment option for several reasons:

  • Economic Stability: Taiwan boasts a stable economy and political environment, which can be attractive to investors.
  • Rental Income: Rental properties, particularly in major cities, can generate consistent rental income.
  • Long-Term Appreciation: Property values in Taiwan have shown a tendency to appreciate over time.

However, it’s essential to conduct thorough research, consider your investment goals, and evaluate market conditions before making a purchase.

Common Property Types in Taiwan and Buying Procedure

The most common property types in Taiwan include apartments, townhouses, detached houses, and rural properties. The typical house-buying procedure involves the following steps:

  1. Property Search: Search for properties through real estate agencies, online listings, or referrals.
  2. Viewing and Inspections: Visit properties of interest and conduct inspections.
  3. Offer to Purchase: Submit an offer to the seller, which may include conditions.
  4. Legal and Financial Due Diligence: Engage a lawyer to review contracts and conduct due diligence.
  5. Financing: Secure financing, typically through a bank or other financial institution.
  6. Contract Signing: Sign a purchase agreement and pay a deposit to secure the property.
  7. Transfer of Ownership: Complete the transaction by paying the remaining purchase price and associated fees.
  8. Registration: Register the property with the local government.

Working with real estate agents, lawyers, and notaries is common during this process.

Finding a Reputable Lawyer and Legal Fees

Finding a reputable lawyer in Taiwan is crucial for a smooth property purchase. You can search for qualified lawyers through the Taipei Bar Association. Legal fees can vary based on the complexity of the transaction and the lawyer’s experience. It’s advisable to request fee quotes and discuss the scope of services before hiring a lawyer.

Pitfalls and Problems in the House Buying Process

Expats and foreign buyers in Taiwan may encounter certain challenges when buying property:

  • Language Barrier: Understanding contracts and legal documents can be challenging for non-Mandarin speakers.
  • Residency Requirements: Some transactions may require proof of residency or other documents.
  • Taxation: Taiwan has specific tax regulations related to property ownership and transactions.

Working with local experts and conducting thorough research can help overcome these challenges.

Purchasing Property through a Company in Taiwan

Yes, it is possible to purchase property in Taiwan through a company. Foreign investors can establish or invest in a Taiwanese company to acquire real estate. This option can offer flexibility and tax advantages, but it requires compliance with local corporate and property laws. Consult with professionals who specialize in Taiwanese corporate and property law for guidance.


Latest Videos

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.  Germany's Health Insurance Update:  Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.  COVID-19 Measures Reintroduced in Cyprus:  With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.  Free Health Trials in Trieste, Italy:  Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.  Spain's New Health Advice App:  Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.  Expat Satisfaction with Healthcare in Mexico:  A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.  Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

Expat Focus 31 January 2024 10:36 am

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.