Recently, a set of foreclosure house data has attracted attention. Zhongzhi data shows that in 2023, the number of foreclosed houses nationwide will reach 796,000, an increase of 213,000 units compared with 2022, a year-on-year increase of 36.7%. (Note: Foreclosure listings include various property types such as residential, commercial, land, factories, parking spaces, etc.)
Among them, residential and commercial properties account for the largest proportion, and accounts for 77% of the total..
According to Zhongzhi data, the number of residential foreclosure auctions in Hefei in 2023 will be 3,054 units.. It is not outstanding in the number of listings nationwide.
The number of foreclosure houses nationwide reaches a record high
Behind every foreclosure house, there is a history of blood and tears.
Foreclosure houses are houses that have been forced to be auctioned by the court. Excluding property confiscation due to illegal activities (such as fraud, corruption, etc.), foreclosures are mainly caused by the following two reasons:
Mortgage default : When the property owner cannot continue to pay the mortgage, the bank or lending institution applies to the court. Enforcing an auction of the property to recover the loan.
Mortgage auction : Real estate is used as collateral for debts. When the debtor is unable to repay the debt, the creditor can apply to the court to conduct a compulsory auction of the mortgaged real estate to pay off the debt.
To put it simply, means that the money owed cannot be repaid, and the house is forcibly auctioned to repay the debt.
The increase in foreclosed properties has a deeper meaning, which means that more and more people are facing financial difficulties.
Just this week, the China Index Research Institute released the 2023 National Foreclosure Market Monitoring Report. As of December 2023, there were 796,000 foreclosure houses of all types in the national foreclosure market, compared with 583,000 in 2022. An increase of 36.7%, and the absolute number of auctions increased significantly by 214,000 sets of .
In 2023, Sichuan, Guangdong, Henan, Chongqing, Jiangsu and other provinces ranked first in the number of auctions, with 19 provinces listing more than 10,000 units. And many provinces and cities have increased compared with last year.
Picture: The number of foreclosure auction houses in each province in 2022 and 2023
Separate houses for sale by law.
In 2023, there were 389,000 foreclosed residential units across the country. Compared with last year (272,000 units), there was an increase of 117,000 units, which is a lot of data.
In 2023, a total of more than 180,000 houses were listed for auction in the top 50 cities in the country in terms of auction volume. The main cities are concentrated in Chongqing, Chengdu, Zhengzhou, Nanning, Changsha, Guangzhou, Huizhou, Foshan, Shenyang, Wuhan and other cities.
The city with the highest number of listings is Chongqing, followed by Chengdu. The number of listings in both cities exceeded 10,000 units. It was noted that the number of Hefei auctions last year was 3,054 sets of .
Table: Foreclosure residential housing listings in the top 50 cities in 2023
Still the picture above, let’s look at the transaction volume.
Foreclosure houses are usually auctioned at about 30% off the market price, so many people have also missed out on the foreclosure market in the past two years, and foreclosure houses have become an important channel for purchasing houses.
Middle Index data pointed out that the number of foreclosed housing sales nationwide last year was 99,000 units, accounting for nearly 70% of the total foreclosed housing market..
The transaction value of foreclosed residential properties in Beijing in 2023 is 13.94 billion yuan, Shenzhen is 11.64 billion yuan, and Chengdu, in third place, is 5.66 billion yuan. Although the number of listings in Beijing and Shenzhen is not the highest, the transaction value is higher because of high housing prices.
In other cities, the discount rates in the foreclosure housing market have performed very well.
is like Wenzhou . The transaction rate of is about 60.4%, and the discount rate is about 95%, which shows that foreclosure houses are relatively popular in Wenzhou.
and Shenzhen , has a transaction rate of 47%, and a discount rate of about 90%. Similarly, many people in Shenzhen have missed out on the foreclosure housing market.
In 2023, 3,054 residential units were put up for auction in Hefei!
In December last year, I saw a lot of information saying that the number of legal auction houses in Hefei reached more than 30,000 units. This is indeed the data of legal auction houses in Hefei, but it includes a series of business types such as residential, garage, commercial, and industrial.
Speaking of residential properties alone is not that exaggerated. As we said above, the middle index data for the whole year of last year was 3,054 units, and the transaction discount rate was about 70%.
In other words, the average transaction price of a 3 million foreclosure house in Hefei is about 2.2 million, which can save 800,000.
In fact, many people in Hefei are also paying attention to foreclosure properties, especially the luxury housing market, which is full of attractions.
For example, a foreclosure transaction in Hefei in December last year was worth 15 million!
A 61.27㎡ house in Binhu Ruiyuan, the starting price is only 730,000, is equivalent to 11,900/㎡ starting ; the house has an appraised price of 1.01 million, and the starting price of the previous auction was set at 910,000, because no one bid But the auction failed, and the second auction dropped another 180,000 yuan, attracting thousands of people to watch.
Jiayuan Paris Urban Phase I 90㎡ house is about to be auctioned for the second time, with an estimated price of 2.62 million, starting price of 1.67 million, unit price starting from 18,500/㎡, attracting more than 4,000 people to watch.
A 175.98㎡ residential house in Wenyitangxi Jinmen is about to be auctioned. The estimated price is 6.14 million, and the starting price is only 4.91 million. has dropped by 1.23 million , which is equivalent to a unit price starting from 27,900/㎡.
is written at the end:
Foreclosure houses have indeed increased in the past two years, and many people predict that the number of foreclosure houses will further grow. This is mainly because the market has been so good in the past few years, and many people have used leverage to take off.
Unlike the current market, most people have become rational in their consumption, and many people have become very aware of crisis. Of course, I still have to say that if you want to buy a house, you must do it according to your ability, and you must not use all the leverage.
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