Peace and prosperity go hand in hand. As relations between China and Taiwan thaw, so the value of homes on the island, which is officially considered a “renegade province” by Beijing, are expected to rise.
While war between mainland and island has been more in the mind than on the battlefield since the Communists took power in Beijing more than 60 years ago, it has stifled business relations between them. That is set to change. An Economic Cooperation Framework Agreement is expected to be signed by China and Taiwan this year that will raise levels of confidence, trade and investment. This will push up Taiwan's property prices by 15 per cent in 2010 the Global Property Guide forecasts.
In Taiwan's capital, Taipei, property prices are forecast to rise 50 per cent over the next three to five years. When obstacles to investment by individual mainlanders are removed, prices may rise higher.
http://globalpropertynews.blogspot.com
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