Taiwan: the next big global property player?

Taiwan could be the next big global property player, as investors increasingly turn towards overseas markets.

China has increasingly dominated the global property stage in recent years, but the country may soon have a rival: Taiwan.

The country's investors are turning towards international real estate, according to Asia Pacific International Property, as the domestic market slows.

Transactions last year totalled 320,598 units, according to the Ministry of the Interior Statistics, down from 371,892 in 2013 and the lowest figure since 2002.

Now, interest is rising in overseas property, with several real estate sales agencies in Taiwan opening offices specifically designed to encourage purchases abroad. Japan, Malaysia, Australia, UK and the USA are highlighted as the most sought-after hotspots, notes the China Post.