China’s demand for Soviet-style apartments shows limits to revival

AI Summary

In major Chinese cities, demand for Soviet-style apartments built between the 1970s and 1980s remains strong despite their flaws, as buyers prioritize the attractive locations of these flats. This trend shows limitations in China's real estate revival.

Buyers in major cities are putting their money into flats that were largely built in the 1970s and 1980s, overlooking their flaws because of their attractive locations.