Reported 8 months ago
Taipei - As of June 21, 2024, the domestic housing market in Taiwan is seeing a surge in both prices and transaction volumes with banks granting record-high mortgage amounts. In May, the five major banks in Taiwan collectively issued a total of 1,162.3 billion New Taiwan Dollars in new mortgage loans, marking a historic high. The interest rate for these loans hit 2.187%, the highest in nearly 15 years. Furthermore, the proportion of new Youth Housing Loans among the total new mortgage loans from these banks reached 40.6%, the highest in nearly eight years. The Central Bank attributes the increase in mortgage amounts to various factors including increased property transactions in major cities, high domestic housing prices, and favorable loan schemes driving the demand for homeownership.
Source: YAHOO