Taipei--Most office workers in Taiwan under the age of 40 cannot afford to buy a home, despite a recent drop in property prices, according to a survey released by an online job broker Friday.
The survey conducted by yes123.com showed that only 12.1 percent of office workers under 40 have been able to purchase their own homes.
The other 87.9 percent cannot afford to do so, even though prices have declined in recent months, the poll found.
According to the survey, 53.9 percent of office workers under the age of 40 still live with their parents or other relatives, while 34 percent live on their own in rented units.
Those who are renting spend an average NT$9,904 (US$323.3) per month on accommodation, according to the survey.
Given that the monthly salary of Taiwanese workers now averages NT$39,679, rent is consuming 25 percent of their salary, according to the poll.
Workers who have bought homes, meanwhile, are paying an average NT$21,977 per month on their mortgages, which accounts for 55 percent of their salary, the survey found.
In an effort to earn extra income, 57.9 percent of office workers have taken side jobs, according to the poll.
The survey was conducted March 22-30 on 1,258 office workers under the age of 40 who had been working full-time for at least one year.
It had a margin of error of plus or minus 2.76 percentage points.
Source: Focus Taiwan News Channel