本研究旨在探討金融機構新核准購屋貸款期間對不動產價格之變化，特別聚焦於2023年第三季開始實施的「青安貸款精進方案」對不動產市場所產生之影響。因過去鮮有針對貸款年限對住宅價格之影響進行實證分析，本研究旨在提供政府機關於制定法規與訂定政策，以及金融機構設定貸款條件時，有關貸款年限調整對房價影響之實證依據，俾作為政策制定與制度設計時通盤考量之參考。同時，房價與住宅政策為攸關民生的重要議題，透過本研究之實證結果，亦可補足國內關於貸款年限對不動產價格影響的研究空缺。

本研究假說為「購屋貸款年限越長，對房屋不動產價格有正向影響」。實證分析運用2015年第一季至2024年第四季，共40季資料，分別以t檢定與多元迴歸分析檢驗研究假說。實證結果顯示，平均貸款年限的增加會顯著提高不動產價格及其增幅，驗證本研究假說之成立。

This study examines the association between mortgage loan tenure of newly approved mortgages loan and housing prices, and particularly focus on the effects of the "Enhanced Preferential Housing Loans for the Youth " program, which has been in effect since the third quarter of 2023. This research seeks to provide empirical evidence to support financial institutions in deciding loan terms and making regulatory policies for government agencies. Additionally, as housing prices and government housing policies are crucial issues affecting society, these empirical findings help fill the research gap concerning the impact of mortgage loan tenure on housing prices.

The hypothesis of this study is that a longer mortgage loan tenure has a positive impact on housing prices. The dataset used for empirical test spans from 2015 to 2024, covering 40 quarters in total. Hypothesis is tested using both mean difference tests and OLS regression analysis. The empirical results show that increases in the average mortgage loan term raises housing prices and its growth level, confirming the validity of the hypothesis.

內政部（2024)。第二季房價負擔能力指標統計成果。下載自https://pip.moi.gov.tw/Publicize/Info/E1050
吳聲煌（2020）。影響購屋意願因素之研究。國立政治大學地政學系碩士在職專班碩士論文。
林晏岑（2016)。台灣貨幣、所得、股價與房價之因果關係檢定。銘傳大學會計學系碩士在職專班碩士論文。
林佑儒（2020)。高住宅負擔背後的迷思？─以房價所得比、擁屋數、房價合理性及購屋壓力主客觀因素分析。國立政治大學地政學系博士論文。
林左裕、徐士勛（2024)。從新冠肺炎疫情之發生分析國際住宅不動產市場。住宅學報，33(1)，87-117。
林毓貞（2024)。房屋抵押貸款決定核貸關鍵因素探討—銀行授信5P原則。東吳大學國際經營與貿易學系碩士論文。
林楚蕎（2024）。影響日本不動產價格之總體經濟因素。國立政治大學地政學系碩士論文。
洪志興、郭佳政、陳勤明（2020）。不動產逆向抵押貸款與清償選擇權評價。住宅學報，29(1)，47-61。
高峰（2009）。我國房價與CPI關係的VEC模型研究。管理科學與統計決策，6(1)，63-67。
許修銘（2017）。青年安心成家貸款對台北市銀行房貸負擔率的影響分析。銘傳大學風險管理與保險學系碩士在職專班碩士論文。
梅強、林尚毅（2017）。臺灣總體經濟變數對六都房價之影響分析。亞太經濟管理評論，21(1)，33-48。
陳忠慶（2000）。擅理財自負額可低 省利息本金平均攤 量身訂做的購屋貸款規劃。會計研究月刊，181，78-81。
彭建文、王佳于（2005）。不同縣市住宅自有率差異原因分析。台灣土地研究，8(2)，1-20。
曾昱旻（2011）。總體經濟對台灣都會區房價變動之研究。中原大學國際貿易研究所碩士論文。
楊茜文、朱芳妮、呂少毫、陳明吉（2022）。房市參與者之關注會影響房價嗎？。管理與系統，29(4)，495-523。
劉建宏（2022）。大台北房價與匯率及其他總體變數間的實證研究。國立臺灣大學經濟學研究所碩士論文。
蔡育政（2023）。房價所得比與房貸負擔率對民眾購屋意願之研究。逢甲大學商學專業碩士在職學位學程碩士論文。
簡士鈞（2019）。臺灣房價與總體因素及政策之關聯性分析。國立臺灣大學國際企業學研究所碩士論文。
Ahmed, D. E. E. A. (2020). Impact of macroeconomic variables on housing prices in Saudi Arabia: a VAR approach. Preprints.
Acharya, Viral V., Katharina Bergant, Matteo Crosignani, Tim Eisert, and Fergal McCann. (2022). The anatomy of the transmission of macroprudential policies. The Journal of Finance, 77(5), 2533-2575.
Coolen, H., Boelhouwer, P. & van Driel, K. (2002). Values and goals as determinants of intended tenure choice. Journal of Housing and the Built Environment, 17, 215–236.
Cohen, J., Cohen, P., West, S. G., & Aiken, L. S. (2013). Applied multiple regression/correlation analysis for the behavioral sciences. Routledge.
Fisher, Irving. (1930). The Theory of Interest.
Granger, C. W. & Newbold, P. (1974). Spurious regressions in econometrics. Journal of econometrics, 2(2), 111-120.
Goodman, Allen C. & Kawai, Masahiro. (1982). Permanent income, hedonic prices, and demand for housing: New evidence. Journal of Urban Economics, Elsevier, 12(2), 214-237.
Krainer, J. (2003). House price bubbles. FRBSF Economic Letter, 2003(6), 1-4.
Linneman, P., & Wachter, S. (1989). The impacts of borrowing constraints on homeownership. Real Estate Economics, 17(4), 389-402.
Li, L., & Chu, K. H. (2017). Prediction of real estate price variation based on economic parameters. IEEE International Conference on Applied System Innovation, 87-90.
Mulder, C. H., & Wagner, M. (2001). The connections between family formation and first-time home ownership in the context of West Germany and the Netherlands. European Journal of Population/Revue europeenne de demographie, 17, 137-164.
Nowak, A., Smith, P., & Thibodeau, M. (2024). Debt-to-income as a measure of ability to repay. SSRN, 4886379.
Rosen, S. (1974). Hedonic prices and implicit markets: product differentiation in pure competition. Journal of political economy, 82(1), 34-55.
Raya, J., & Garcia, J. (2012). Which are the real determinants of tenure? A comparative analysis of different models of the tenure choice of a house. Urban Studies, 49(16), 3645-3662.
Stone, M. E. (2006). What is housing affordability? The case for the residential income approach. Housing Policy Debate, 17, 151-184.
Ting, C. C. (2017). Price rigidity and wage rigidity: Market failure or market efficiency. International Journal of Economics and Finance, 9(11), 82-91.
Zhou, W., Chen, M., Gao, Y., & Feng, R. (2022). Research on the impact of market concern for real estate policy on housing prices: Evidence from internet search and hedonic price theory. CMES-Computer Modeling in Engineering & Sciences, 131(3).