Housing market sees biggest first-quarter fall in 15 years   The housing price recorded the largest decline in the first quarter over a period of more than 15 years. According to the March ‘Housing Price Index (QV House Price Index)’ released by QV on April 12 (Wed), the national housing price has fallen by an…

Decline in house prices and household net worth, increase in interest rates As inflation continues and house prices fall, the net worth of each household has also decreased. According to data released by the Statistics Office last week, “household net worth,” which subtracts debt from assets, fell by $10.3 billion to $2.251 trillion in the…

From May, it will be easier to get a home loan   The government has changed the law to stop investigating customers’ daily spending habits when evaluating them for bank loans   At the end of 2021, the government strengthened loan regulations in accordance with the law known as Triple-C-F-A to prevent irresponsible lending. However,…

In February, Number of new homes being consented down 29% year-on-year     The residential construction industry looks set for a serious downturn with the number of new dwellings consented in February down 29% compared to February last year. In February of this year, new housing construction permits decreased by nearly 30% compared to February…