TAIPEI (TVBS News) — The number of Taiwanese holding both mortgages and personal loans reached a record high of 374,871 by July 2024, according to the latest data from the Joint Credit Information Center (聯徵中心) released in November.
This figure marks an increase of 22,258 individuals, or 6.3%, compared to the same period in 2023, representing the highest growth rate ever recorded for this time frame. The center's data also revealed that, in July, the average mortgage amount per person was NT$5.917 million, and the average personal loan amount was NT$1.061 million, both setting new historical highs.
Lai Chih-chang (賴志昶), public relations director at Great Home Realty (大家房屋企劃研究室), attributed the surge in dual-loan holders to skyrocketing housing prices, which compel many buyers to use personal loans to fill funding gaps, and the financial pressures driving individuals to take out personal loans.
H&B Realty Co (住商不動產) chief researcher Jessica Hsu (徐佳馨) noted that geopolitical tensions globally have heightened financial volatility risks in the latter half of the year. She mentioned that the central bank's ongoing credit control measures have added uncertainty to the housing market's outlook.