A Study on the Influence Factors of Home Mortgage in Taiwan
|關鍵字:||購屋房貸;複迴歸分析;放款利率;房地產;總體經濟;home mortgage;multiple regression;mortgage interest rate;real estate;Macroeconomic|
In Chinese traditional socieity,the concept of "possessing a territory will give him its wealth,and real estate values can be permanently preserve"is deeply rooted in everyone’s mind for a long time,almost everyone all his life at least has himself real estate,so the real estate industry in our country is very enduring.Due to purchasing real estate is need a vast sum of funds,most of the house buyer must apply for loans and then have enought funds to pay. In recent years,the real estate boom in Taiwan improved,rising house prices,the central bank statistics of the home mortgage balance continue to record high,so the real estate information and news has become general public concern issues,the motivation of this study is to research the relationship between the macroeconomic variables and the amount of home mortgage in Taiwan. First, this paper through the existing literature to review the issue of real estate,then use multiple regression to analysis the relationship between the macroeconomic variables and the amount of home mortgage in Taiwan.The variables are collected from July 1994 to March 2012 period,including the five banks amount of home mortgage, the five banks new mortgage interest rate,unemployment rate,Construction Permit and floor area,monetary aggregates(M2),rediscount rate,consumer price index,average salary growth rate,and land value increment tax,then use the five banks amount of home mortgage for the dependent variable,the remaining eight variables for the independent variable,to research the influence of the amount of home mortgage. The empirical results show that the variables such as the five banks new mortgage interest rate, unemployment rate,construction permit and floor area, consumer price index, land value increment tax are significantly related to the amount of home mortgage.Research conclusions can be provided for the house buyer,real estate investors reference.