英文摘要 |
According to 1980 and 1990 Taiwan's housing census, the housing vacancy rate was above 13%. Comparing with the reasonable vacancy rate, 4-5% in the most western countries, the vacancy rate in Taiwan was very high obviously. Is high vacancy rate phenomenon always exist in Taiwan? What are the reasons of high vacancy rate? Does it imply the expectation of high capital gain of housing investment as well as the low holding costs and rents in Taiwan? Due to the lack of vacancy rate information, we can't give a good anwser to above questions. This paper used housing census data and under minimun use of electricity data of Taiwan Power Company to clarify the phenomenon of housing vacancy rate in Taiwan during every past year. We found that housing vacancy was always high. Up to the end of 1993, the stock of vacant house was about 760,000 units and the vacancy rate was about14%. We then established econometric model to analyze the reasons of high vacancy rate. Finally, we suggest some housing strategies to solve the high vacancy issue to the government. |