China's residential foreclosures increase in 2024 amid property slump
Real Estate
BEIJING: The number of foreclosed homes in China rose in 2024 from the previous year, a private-sector survey showed on Tuesday (Jan 7), heightening concerns about mortgage delinquencies amid a property slump and uneven economic growth. The number of repossessed homes up for auction stood at 370,000 in 2024, up from 364,000 in 2023, the report from China Index Academy, an independent real estate research firm, said. A total of 117,000 repossessed homes were successfully sold with the total
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