Generation rent: House prices now at record-breaking 9.35 times average annual income

The China Post
Date: April 18, 2017
By: Kuan-lin Liu

TAIPEI, Taiwan — The price-to-income ratio, a number that indicates the price of

This undated photo shows an aerial view of Taipei City. The city is home to some of the most expensive real estate in the country. (Captured from the internet)

purchasing real estate as a multiple of annual household income, is now at 9.35, an all-time high, according to the Construction and Planning Agency of the Ministry of the Interior.
The situation is even more dire in the Greater Taipei area, with

Taipei seeing a price-to-income

ratio of 15.47 and New Taipei of 12.7.

The agency released its data for housing affordability for the third quarter of 2016 on Monday, which found a price-to-income ratio that experts would find unacceptable.

Experts have previously stated that property prices that were 5 to 7 times the average household income for the purchase of a 30-ping new property were at a reasonable ratio.    [FULL  STORY]

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