Number of 'Double Debt' Holders in Taiwan Reaches New High
The number of people in Taiwan holding both a mortgage and a personal line of credit–and the amount of debt they hold–have reached all-time highs.
Transcript
00:00More Taiwanese than ever before now hold both a mortgage and a personal loan.
00:05368,000 people now have an average mortgage of nearly US$200,000, a 71% increase since 2014.
00:14Their average line of credit amounts to just over US$31,000, that's a 90% increase since 2014.
00:21Higher housing prices and increased retail investment have driven refinancing and loan activity.
00:27But experts say substantial risks remain in a volatile market.