The figures released by the city government show that the number of properties bought and sold in January reached its highest level since the second month of last year.

Real estate brokers said the figures show that Taipei City residents’ confidence in the local housing market has recovered and that this trend should continue.

Yeh Ling-chi, general manager of Yungching Real Estate Co., said that online surveys conducted by his company after the January legislative elections and the March presidential election clearly indicate that a growing number of residents are optimistic about Taiwan’s housing market over the coming months.

He said the surveys revealed that confidence in Taipei’s housing market has reached its highest level since the fourth quarter of 2006 and rebounded significantly from a low in the latter half of last year.

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