According to the results of a survey conducted by the Taiwan Real Estate Research Center, housing prices in Taipei City have soared 73 percent over the past five years, but the average household income has risen by only 1.2 percent.
As a result, the housing price-to-income ratio in the city has increased to 11. Worldwide, the ratio is lower, except in Hong Kong where it is 11.4.
Saturday, February 26, 2011
Taiwan Housing Bubble, Price to Income Ratio at 11
China Times: Warning signs of housing bubble