Taiwan is a popular destination for expats, with its unique culture, friendly locals, and delicious cuisine. Rental prices in Taiwan can vary significantly depending on the location, size, and quality of the property. In this article, we will explore typical rental prices in areas popular with expats in Taiwan, as well as rental caps, deposit requirements, and the impact of the time of year on rental prices and availability.
Typical Rental Prices in Popular Expat Areas
The cost of renting a property in Taiwan can be high, especially in popular areas with expats. Here are some typical rental prices in some popular areas:
Taipei
Taipei is the capital city of Taiwan and is a popular destination for expats. However, rental prices in Taipei can be high, especially in popular areas like Da’an, Xinyi, and Zhongshan.
In popular areas like Da’an and Xinyi, a one-bedroom apartment can cost between NT$20,000 to NT$35,000 (approximately $720 to $1,250 USD) per month. A two-bedroom apartment can cost between NT$30,000 to NT$55,000 (approximately $1,070 to $1,970 USD) per month.
Kaohsiung
Kaohsiung is the second-largest city in Taiwan and is known for its lively night markets and beautiful harbor. Rental prices in Kaohsiung are generally lower than Taipei.
In popular areas like Zuoying and Gushan, a one-bedroom apartment can cost between NT$10,000 to NT$20,000 (approximately $360 to $720 USD) per month. A two-bedroom apartment can cost between NT$15,000 to NT$30,000 (approximately $540 to $1,080 USD) per month.
Tainan
Tainan is a city with rich history and culture and is a popular destination for expats. Rental prices in Tainan can be high, especially in popular areas like Anping and West Central District.
In popular areas like Anping and West Central District, a one-bedroom apartment can cost between NT$10,000 to NT$20,000 (approximately $360 to $720 USD) per month. A two-bedroom apartment can cost between NT$20,000 to NT$35,000 (approximately $720 to $1,250 USD) per month.
Rental Caps in Taiwan
As of 2021, there are no rental caps in place in Taiwan. This means that landlords are free to charge whatever rent they see fit. While this may be frustrating for renters, it also means that there is no limit to the quality and range of properties that are available.
Rental Deposits in Taiwan
When renting a property in Taiwan, it is typical for landlords to ask for a deposit. The amount of the deposit can vary but is usually equivalent to one to two months’ rent. The deposit is usually held by the landlord and returned to the tenant at the end of the tenancy.
However, it is important to note that there are some rules around the return of rental deposits in Taiwan. According to Taiwanese law, the landlord must return the deposit within seven days of the end of the tenancy. The landlord is also allowed to deduct any unpaid rent, damage to the property, or unpaid bills from the deposit.
If the tenant believes that the landlord has unfairly deducted from the deposit, they can file a complaint with the local government or seek legal advice.
Price and Availability of Rentals at Different Times
Rental prices and availability can vary depending on the time of year in Taiwan. Some factors that can cause changes include the time of year, the location, and the demand for the property.
High Season vs. Low Season
Taiwan has a high tourist season, which typically runs from June to August and from December to February. During this time, rental prices in popular tourist areas can increase significantly, and properties can become more difficult to find. Conversely, during the low tourist season (September to November and March to May), rental prices can decrease, and properties may be easier to find.
University Schedules
In some areas, such as Taipei and Tainan, rental prices can be affected by the academic calendar. This is because there is a large student population in these areas, and landlords may adjust their rental prices and availability to coincide with the academic calendar.
During the academic year (September to June), rental prices can be higher, and properties may be more difficult to find. Conversely, during the summer months (June to August), rental prices can decrease, and properties may be easier to find.
Religious Holidays
Taiwan is a country with a mix of religions, and religious holidays can also affect rental prices and availability. During major holidays like Chinese New Year, rental prices can increase as many Taiwanese travel to be with their families. Conversely, rental prices may decrease during other times of the year.
Impact of COVID-19 on Rental Prices
The COVID-19 pandemic has also had an impact on rental prices in Taiwan. During the early months of the pandemic, rental prices in some areas decreased as landlords looked to fill empty properties. However, as the pandemic has continued, rental prices have begun to increase again, especially in popular areas.
Conclusion
In conclusion, rental prices in popular expat areas in Taiwan can be high, especially in areas like Taipei and Tainan. While there are no rental caps in place in Taiwan, landlords are required to return rental deposits within seven days of the end of the tenancy.
Rental prices and availability can also be affected by the time of year, the location, and the demand for the property. For expats who are planning to rent a property in Taiwan, it is important to do their research, compare prices and properties, and ensure that they understand the terms and conditions of the rental agreement.
