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Mortgage burden rose in first quarter

Housing affordability grew worse in the first quarter, as the average mortgage burden climbed by 0.52 percentage points to 38.35 percent nationwide, a report released yesterday by the Ministry of the Interior showed. The data suggest that mortgages accounted for a big chunk of the disposable income of households on average and this would worsen after the central bank raised interest rates twice and increased the mortgage burden by 1.5 percent. The ministry classifies mortgage burdens as follows: below 30 percent, reasonable; higher than 30 percent, slightly high; more than 40 percent, relatively high; and more than 50 percent, overly high. Mortgage burdens

Housing deals defy looming slump - Taipei Times

Housing transactions edged up 1.8 percent to 22,841 units in the nation’s six special municipalities last month, but might tumble by double-digit percentage points this month, as a surge in COVID-19 cases has not yet started to affect the market, analysts said on Wednesday. The market needed more time to digest a sharp decline in buying interest, as Taiwan is reporting more than 80,000 virus cases per day and the daily case count is expected to stay high for a while, said Tseng Ching-der (曾敬德), research manager at Sinyi Realty Inc (信義房屋), Taiwan’s only listed broker. Last month’s data mainly reflected transactions

Xi Jinping Casts Communist Party as China s Savior on Centenary of Founding

Xi Jinping Casts Communist Party as China s Savior on Centenary of Founding
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