Washington DC. It is a beautiful city
Washington DC. It is a beautiful city with a number of high-tech companies, businesses and organizations. Its real estate value is growing rapidly, and more people are looking for housing in the city and its suburbs.
So, if you are looking for the best city to invest in properties, here are some reasons to consider Washington DC
Here are 5 reasons to invest in real estate in Washington DC:
1. What the data say
Perhaps, the first thing you will be interested in as a real estate investor is the return on your investment. According to available data, Washington D.C. It performs well in this aspect. The report shows that the city has yielded the second highest returns for East Coast real estate investors with a 42% increase in value within a decade.
2. High influx of large companies
It's not news that Amazon's headquarters are in Washington, but it's just one of several high-tech companies coming to the city. Financial institutions, law firms and multinational businesses are now competing for territory in the United States capital. It pushes more lobbyists and high-level people into the city. There will be more demand for great properties than supply. We all know how the market will react to this.
3. Small size with large population
The capital Washington is only 177 square kilometers, but has a population of about 700,000 people. The influx of large companies also means that thousands of people will come to work every day. This is undoubtedly one of the reasons for the increase in demand for housing, which is making homes more expensive. We can expect the need to continue to rise.
4. Regulation against construction
Despite the need for more homes, the city has strict regulations against the construction of tall buildings. Thus, there is no room for expansion in the central city. This brings more people to areas like Alexandria and Arlington, and opens up more opportunities for real estate investment in these areas and their neighborhoods.
5. Excellent but cheap
Compared to cities like New York and California, homes are cheaper in Washington DC. Thus, you can get the same value at a lower price.