I wonder what the buyer is attracted to real estate in the United States. Price, availability, terms of credit? It doesn’t matter what motivates a person to buy real estate in the USA, but it helps the state to move to the leading position in terms of demand growth in the global real estate market.
The cost of apartments in the USA, depending on the region of accommodation, is such that most foreigners can afford housing here, regardless of the thickness of the wallet.
Attractive investment areas
Today we consider the most interesting areas for real estate investment in the United States and get acquainted with the pricing policy that has developed on the market.
New York
Property Value (Average): $ 400,000.
A studio on 30 m 2 in the historical part of the city (Chelsea) in the vicinity of Manhattan will cost $ 430,000. Such real estate is successfully rented out for $ 3500-3700 per month. This is the normal price of an apartment in the USA, even if for you these rates are “biting”.
For an apartment up to 40 m 2 in one of the less prestigious areas (Brooklyn) you will have to pay from $ 340,000, and you can rent out real estate for only $ 2500 per month.
Beats the records on the cost of real estate on Fifth Avenue, where prices start at $ 1.5 million.
The most affordable and affordable option can be found by taking an interest in real estate in East Harlem. The studio here costs only $ 160,000, but the area is notorious and is considered one of the most criminal in the city.
Miami
The cost of an apartment in the USA (Florida) on average will cost $ 250,000.
Real estate in this region is a permanent hit of sales for several decades. The local market is rich in offers and is active. Florida real estate is attractive for the rich, and for the middle-income category of students, and for students.
One of the budget options for buying a home in Miami is buying an apartment in an immigrant area. Here is Little Highti, who became a haven for visitors from Haiti and several other countries of the Caribbean and at the same time earned the popularity of the criminal area. Here are the cheapest apartments in the USA. For housing will ask from $ 70,000 (option condominium). In this case, it is not worth it to harbor illusions about the liquidity of real estate, because it is difficult to sell or sell it.
Business class housing is much more expensive, and the option of placing by the sea, with ocean views in a safe area of the city will cost from $ 450,000.
A prestigious villa with a pool and a private pier in Miami-Dade will pull from $ 2 million.
Los Angeles
The average cost of an apartment in the USA (California) based on price analysis is $ 500,000.
A house in San Jose, the city called the unwritten capital of Silicon Valley, will cost $ 900,000, which is four times the average value of US market property.
In San Francisco, speaking of the Lower Pacific Heights, the price for an apartment of 70 m 2 reaches $ 930,000.
Progressive directions
Analysts were not afraid to put on display the forecast of TOP hot spots for the sale of apartments in the United States, with the expectation of the next three years. So in which cities is the new-fangled tendency to acquire real estate formed at the end of 2017?
Dallas
In Texas, the average cost of apartments is $ 235,000.
Predicted sales growth: + 31.5%.
In the future 2018, Dallas is expected to blow up the market in terms of sales of residential real estate and break out into the lead, since in 2016 it was only in sixth position in the ranking.
Jacksonville
In Florida, real estate is several thousand cheaper. The average apartment price here is $ 225,000.
In the next three years, a boom in sales of individual housing construction projects is expected to reach 30.5%.
It is the most densely populated city and it is constantly growing. The population growth for the year on average reaches 5%. In such conditions, the market of jobs and labor migration is developing, because housing in Jacksonville is the best investment option. Some experts believe that local real estate is underestimated by about 8.5%.
Orlando
Another representative of Florida, where in the United States the sale of apartments on average stopped at $ 220,000.
The predicted growth rate of the investment boom is up to 29%.
This opinion was formed on the basis of authoritative recommendations by the head of the analytical agency Local Market Monitor (USA), which speaks of a fast-growing economy, population growth, an increase in the number of jobs, which in total open up new prospects for investors in local real estate properties.
Seattle
In the state of Washington, the cost of real estate is much higher than other promising areas.
An apartment here on average costs $ 425,000.
Experts predict that demand for real estate will entail an increase in profitability up to 27%.
Seattle is the record holder for real estate value growth according to statistics for the last year. Local real estate breaks records in value, therefore it deserves to be in the ranking of the most expensive in the country and takes an honorable third place.
In the next three years, the demand for buying / renting will exceed supply, which means that promises considerable dividends to those who are lucky enough to invest in a growing market and buy a one-room apartment in the USA.