EDITORIAL: Real-estate market is not cooling

 EDITORIAL: Real-estate market is not cooling

Trading in the housing market appears to be stabilizing as a COVID-19 outbreak that started in May subsides, the latest transaction data show, while domestic banks continue to hold a positive outlook for the residential housing market in major cities.

Financial Supervisory Commission data indicate that total real-estate lending has staged a steady monthly increase, growing to a record NT$12.21 trillion (US$438.64 billion) as of the end of September, which was greater than August’s NT$12.14 trillion and marked the eighth consecutive monthly increase since January’s NT$11.63 trillion.

Real-estate lending registered double-digit percentage annual growth each month this year, with its share in bank lending standing at 26.83 percent at the end of September, compared with 26.73 percent in August and 26.88 percent in January, commission data show.


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