Part 7/15:
Official statistics from the National Bureau of Statistics paint a bleak picture: investments in real estate have decreased by nearly 14%, new housing sales have declined, and the unsold housing inventory remains high. However, insiders acknowledge that these figures may be understated, hinting that the real situation is worse than publicly reported. Behind the scenes, foreclosures and court seizures are mounting, with properties from recent years—some luxury homes—entering judicial auction blocks as owners default due to financial strain.