New data shows consumer confidence in Taiwan's housing market declined in October. Experts say that's due to credit control measures from the central bank aimed at cooling down the real estate market. Fewer people have sought new housing loans after the measures were introduced.
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00:00New data shows consumer confidence in Taiwan's housing market fell sharply in October.
00:06Housing market experts think the decline is due to central bank credit controls that were
00:10launched to cool down the overheated real estate market.
00:13They predict that prices for existing homes will fall by 9 to 12 percent in the first
00:18quarter of next year, while those for pre-sale houses will fall by 14 to 17 percent.
00:23However, the high number of mortgage applications are only expected to return to previous levels
00:28in the second half of 2025.