Core Insights - The demand for old and small second-hand houses in urban areas is surging, with multiple buyers competing for properties due to their low total prices and strategic locations [1][5][9] Group 1: Market Dynamics - A recent observation noted that a second-hand house priced at 500,000 yuan attracted over 10 groups of buyers, indicating a strong interest in affordable housing options [1] - The trend of purchasing old and small properties is driven by their low total prices and proximity to essential amenities like subways, making them attractive to buyers [6][9] Group 2: Buyer Profiles - Young buyers are increasingly targeting old and small properties for their favorable locations, low prices, and potential for renovation [9][11] - Investors are also drawn to these properties due to their high rental yields, with some properties achieving rental returns of around 5.8% [12][23] Group 3: Price Trends - The price of old and small properties has stabilized, with many buyers perceiving current prices as a bottoming out, making them a viable investment option [8][23] - Data indicates that in 2025, 90% of the top-performing neighborhoods in terms of price growth in Chengdu were old neighborhoods, highlighting a shift in market dynamics [8][23] Group 4: Investment Opportunities - The potential for urban renewal and the installation of elevators in older buildings presents additional growth opportunities for these properties [23] - The market for old and small properties is not limited to Chengdu, as similar trends are observed in major cities like Beijing, Shanghai, and Guangzhou, where affordable housing options are gaining traction [23]

Core Insights - The article discusses the challenges and regrets associated with purchasing an old, small apartment in the city, highlighting the initial excitement followed by various issues that arise over time. Group 1: Reasons for Buying an Old Apartment - The price of the old apartment was significantly lower, with a total price of 500,000 for a 74㎡ unit, which is 40% cheaper than new homes [4][5] - The location was advantageous, situated in the city center with easy access to public transportation and essential amenities, making it a potentially good investment for future resale or redevelopment [5] - The high occupancy rate in the old neighborhood provided a sense of community and liveliness, contrasting with the low occupancy in new developments [6] Group 2: Disadvantages of Living in an Old Apartment - Parking was a major issue, with limited spaces leading to daily struggles to find parking, causing significant frustration [9][10] - Neighbor relations were complicated, with many elderly residents contributing to conflicts and issues such as clutter in shared spaces [12][13] - Noise levels were unexpectedly high, with poor sound insulation leading to disturbances from neighbors' activities [15] - The property management was ineffective, with inadequate maintenance and security, leading to unresolved issues like water leaks and thefts [17] Group 3: Lessons Learned - The experience serves as a cautionary tale, suggesting that individuals should consider renting instead of buying an old apartment if budget constraints exist, and to test living in such a space before making a purchase decision [18]