The Economic Times

Dead people, cheaper homes: Taiwans housing crisis has buyers knocking on haunted doors

Rising property prices in Taiwan are driving buyers toward affordable homes with troubling histories. These properties, known as xiong zhai, are associated with previous violent deaths. The associated discounts can lead to significant financial challenges for potential buyers and banks. Additionally, local cultural beliefs strongly influence attitudes toward these so-called haunted houses. Many buyers opt for cleansing rituals to remove negative energy before moving in.