Taiwan’s mortgage curbs squeeze middle class, spare cash-rich buyers

Restrictions meant to cool overheated market result in longer loan screening times More buyers are reportedly paying with cash for high-priced properties in Taipei. (Photo by Tsukasa Hadano) TAIPEI — Mortgage regulations imposed by Taiwan's central bank to cool the overheated housing market are having unintended side effects, as wealthy buyers increasingly pay in cash, keeping prices high while middle-income households face longer loan approval times and tighter lending standards.

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