What do I need to know when buying property in Taiwan?

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Taiwan, including any restrictions on foreign ownership. 3. It is important to obtain a professional appraisal of the property before making a purchase. 4. It is important to understand the tax implications of purchasing property in Taiwan, including any applicable capital gains taxes. 5. It is important to understand the local zoning laws and regulations that may affect the use of the property. 6. It is important to understand the local building codes and regulations that may affect the construction or renovation of the property. 7. It is important to understand the local laws and regulations regarding rental properties, if applicable. 8. It is important to understand the local laws and regulations regarding the transfer of ownership of the property. 9. It is important to understand the local laws and regulations regarding the maintenance and upkeep of the property. 10. It is important to understand the local laws and regulations regarding the sale of the property," explained one expat living in Taiwan.