What Is Vacant Property?

Vacant housing is a special term in the real estate market. Strictly conceptually refers to a house that has not been sold for one year after completion. Generally speaking, it refers to a house that cannot be sold in the market. According to the notice recently issued by the Ministry of Construction, [1] National Development and Reform Commission, and the National Bureau of Statistics to clearly classify the types of vacant areas in commercial buildings, starting from the 2003 statistical annual report, the vacant time of commercial buildings will be used as the standard. Commodity houses for sale within one year are unsold; unsold commodity houses for more than one year and three years; unsold commodity houses for more than three years. Also known as the tail room, mainly refers to the late market of commercial housing, multiple sets of long-term backlogs in the hands of companies or individuals, long-term unrealizable vacant real estate or "debt houses", etc., of which the main floor of commercial housing.

Vacant room

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in the past
First, the increase in vacant houses should be effectively controlled.
Controlling the incremental area of vacant houses is fundamental to solving the problem of excessive growth of vacant houses. Controlling the incremental area of vacant houses, in addition to the developer's precise marketing strategy for commercial housing, is more important for the government's control and grasp of the land approval system. The government should effectively and reasonably implement the commercial housing construction plan, and avoid a substantial increase in the supply of commercial housing in the same area in a short period of time, resulting in oversupply and turning into vacant housing in the future.
Second, quickly digest the stock of existing vacant houses.
In addition to controlling the incremental area of vacant houses, quickly digesting existing vacant houses and reducing their base to a minimum, it is also an important link to effectively solve the excessive growth of vacant houses.
To digest existing vacant houses, an authoritative vacant house information network should be established to increase the information disclosure of vacant houses and promote the maximum match between the effective demand in the market and vacant houses. Although many brokerage companies attach great importance to the marketing of the main tailgate of vacant houses and have established related information platforms, the industry has always lacked an authoritative official professional website about vacant houses and cannot make the information of vacant houses to the greatest extent possible. This asymmetry of information is also an important reason why vacant houses are difficult to digest.
Realize the diversification of sales models and management methods of vacant houses, and promote the maximum utilization of vacant houses. For example, new sales models such as rental sales, rental sales and sales, and channel sales are adopted to make vacant houses still generate value during the vacant period.
Vacant commercial housing is allowed to be converted into affordable housing and low-rent housing. If cooperating with the reform of the housing supply system, it will be more effective to increase the proportion of economically affordable housing by directly vacant houses through this approach. Promote the price of commercial housing in the same location and condition to be reduced to benefit the people.
Renovation of vacant houses. It is precisely because a large number of vacant houses are relatively backward-designed products. Compared with the entire market today, their competitiveness is gradually weakening, which has formed a contradiction with people's current consumer psychology and consumption level. To resolve this contradiction, it is an effective method to re-invest funds, improve supporting functions, optimize apartment types and decoration, etc., and allow a large number of vacant houses to enter the effective market. For example, for some large-sized vacant houses, buyers can re-separate the units into four or five ten-square-meter single rooms, redecorate some simple and modern kitchens and toilets, and add furniture and appliances to become a group of rentable The apartment is up. Vacant houses are sold by rent. Selling by rent is the solution to a large number of vacant houses, especially podium properties. Without being willing to cut prices, developers simply started long-term business by themselves and rented out large areas to collect funds. Although this is a last resort, compared to "blood shot", they are more comfortable.
National Credit and "Sale by Rent". National credits can be introduced and bond financing methods can be used to resolve this problem. The program involves the National Credit Corporation, "vacant house patients", real estate agents, and investors. First, the National Credit Corporation used national credit to sell unsecured bonds to the market, and used the funds raised to buy out vacant property rights for "vacant house patients." In order to make this type of bonds have higher liquidity (monetization ability), consider using the existing bond issuance market and issuing it as a special bond. Investors can trade freely in the secondary market and reduce or exempt appropriately. Tax burden on mortgage bond investors. Then, the National Credit Corporation entrusted the vacant house it obtained to one or several reputable and large-scale real estate agents, or set up an intermediary agency to lease the vacant house, and the rent was used for the issuance of unsecured bond debt and intermediary. Business commissions, and related items such as bond issuance fees.
Pass some preferential policies to stimulate the digestion of vacant houses. In 2001, the State Administration of Taxation issued the "Notice on Digesting Related Taxes and Fees for Vacant Commercial Houses", which exempts deed tax on vacant commercial houses built before June 30, 1998 and purchased before December 31, 2002, which reduces To the cost of real estate consumer purchases. For the year-on-year growth of vacant commercial housing, if similar preferential policies continue to be implemented, it will help digest the vacant commercial housing.

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