At least five years ago, second-hand houses still had great appreciation prospects and broad space. However, with the slowdown of China's economic growth, the large-scale increase of housing ownership, the high level of housing vacancy rate and the comprehensive impact of the "live and not speculate" policy issued by the state, the appreciation space of second-hand housing has been greatly reduced, and even the price of second-hand housing has been greatly reduced in many areas, especially in small cities in the third and fourth tiers.
But nothing is absolute. Although housing prices in third-and fourth-tier cities have fallen sharply, there is still room for appreciation in at least big cities in first-and second-tier cities.
If the house is just needed, you should buy it earlier. If you want to invest, the real estate boom has passed now, and it is not as hot as it was five years ago. So be careful when investing in real estate.