今明两年，持有两套以上房产的家庭，将面对这三个残酷现实

Core Insights - The article discusses the challenges faced by families owning multiple properties in the current real estate market, highlighting three harsh realities they must confront in the coming years [1][3]. Group 1: Market Dynamics - The first harsh reality is the difficulty in selling excess properties, with a significant increase in the number of listings and extended selling periods. As of December 2024, the number of second-hand homes listed in 100 cities exceeded 1.8 million, a 23% increase year-on-year, leading to a situation where buyers have the upper hand [3][4]. - The average transaction period for second-hand homes in key cities has surpassed 180 days, with some properties taking over a year to sell, particularly in less desirable areas [3][4]. Group 2: Holding Costs - The cost of holding properties is rising, with mortgage rates for second homes remaining high, averaging around 5.2% as of late 2024. For a property valued at 1 million, annual interest payments can exceed 52,000, and for two properties, this could exceed 100,000 [5][6]. - Property management fees have also increased, with the average fee reaching 2.8 yuan per square meter per month in 2024, leading to annual costs of approximately 3,360 for a 100 square meter property. Additional costs for vacant properties can add up to 5,000 annually [5][6]. Group 3: Price Segmentation - The article notes a growing disparity in property values, with core urban areas maintaining stable prices while non-core areas experience significant declines. In December 2024, the price index for second-hand homes in core areas of first-tier cities fell only by 0.5%, while non-core areas in third and fourth-tier cities saw declines of 6.8% [7][8]. - The trend is attributed to population migration towards core urban areas, with the urbanization rate reaching 66.15% in 2024, leading to decreased demand for properties in less populated regions [7][8].