Why Is Taiwan’s Homeownership Rate So High?

Steven Bourassa and Chien-Wen Peng

Urban Studies, 2011, vol. 48, issue 13, 2887-2904

Abstract: With an annual growth rate of 0.62 per cent since 1980, Taiwan’s homeownership rate reached 88 per cent in 2007. This study explores possible causes of Taiwan’s high homeownership rates. The institutional and economic context for tenure choice in Taiwan is reviewed, paying particular attention to the taxation and financing of owner-occupied housing, house prices relative to rents, housing subsidies and housing demand. A model of tenure choice is estimated and then used to simulate policy and other changes. It is concluded that Taiwan’s high rate of homeownership is due primarily to the low user cost of owner-occupied housing, which is due in part to house price inflation. Government mortgage subsidy policies designed to support ownership appear to have little effect.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0042098010391298 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:48:y:2011:i:13:p:2887-2904

DOI: 10.1177/0042098010391298

Access Statistics for this article

More articles in Urban Studies from Urban Studies Journal Limited
Bibliographic data for series maintained by SAGE Publications ().