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The 10 Best Cities For Real Estate Investment

Economy
The 10 Best Cities For Real Estate Investment

Real estate has always been known to be a steady investment for long-term investors and developers. Many have made their millions, and sometimes even billions, by becoming involved in profitable real estate development deals. Names like Donald Trump and Steve Wynn have become well known due to the massive amount of success they have enjoyed in the real estate market. While real estate development and investing may be out of reach for many individuals, for those who are able to jump into that game and do it well, the profits can be extreme.

The three key rules in real estate are location, location, location. Without the proper location, you can kiss your profits goodbye. A perfect example of a poor real estate investment would be in the city of Detroit. Yes, prices are extremely low in Detroit, but they are low for a reason. The whole economy of that city has been wiped out due to factory closures. Novice investors must not be blinded by simply looking at attractive prices. These prices alone will not be enough to offset poor locations of real estate investments or development.

When individual investors or corporations are looking to advance forward with their portfolios, they need to make sure that they are investing in the right areas. We have taken the time to research the best cities out there for real estate development and investment. These are not only cities that are just recently making headlines in the world of real estate; they have been strong markets for real estate developers and investors for decades.

These cities are also strong economic strongholds in the world market. All of the ingredients needed to make these cities amazing spots for real estate investment and development are there. Here is a list of the top 10 best cities in the world for real estate development and investment.

New York City

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New York City has always been an epicenter for business. With Wall Street hailing from this bustling city, it is easy to see why this city has been such a center for economic pursuits. 2013 was what many developers called a euphoric state of growth and progress for real estate development in New York City. The new expansions gave great hope to investors and developers alike. Real estate prices in Brooklyn have reached a 10 year high and they look as if they are still on the rise.

London

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Last year was the end of the fall for the London real estate market, and it is only uphill from here. The gains since the 1st and 2nd quarter of 2013 have truly marked new confidence in the London Real Estate Market. Developers have been pushing forward with London real estate development for quite some time now, but the numbers are truly in their favor now.

The amazing thing with the London market is that the demand for rental properties has been going up 15% every year. This is a great sign to those who are looking to build rental flats or apartment complexes.

Los Angeles

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The city of Angles has for a long time been the center of business for many industries, with the entertainment industry in notably having called L.A. home for quite some time now.

One of the great things about real estate development in Los Angeles is the new program put in place by the Obama administration. This program is called the promise zone program. Within the promise zone program, the federal government is looking to help real estate developers with urban development grants to help build more affordable housing in the L.A. area.

Tokyo

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Tokyo is not only an epicenter for technological growth, but it is also an epicenter for economic growth. So much of the Asian economy, and the world economy, is based in Japan. Tokyo is filled with so many residents doing so much high-impact work that the city can’t help but be a great real estate market.

Other than New York City, Tokyo has seen some of the largest sales revenues in the real estate market in the last 12 months. Tokyo is an attractive global market for real estate developers and investors alike. Tokyo alone also makes up for 15% of the total Asian real estate market growth.

San Francisco

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San Francisco is a bustling center for the arts, culture, and business alike. The Bay Area has some of the classiest living on the west coast and a huge, lucrative tech industry, both contributing to why the city of San Francisco is so popular for real estate.

With the average sale price of a home in San Francisco hitting around $3 million, the rental market is a hot ticket item for developers and investors. The rental market keeps growing while tenants fill these rental properties. Developers looking to invest in rental units in the San Francisco area will not have a shortage of young professionals to fill up these rental properties.

Washington D.C.

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America’s capital is also a great center for economic growth. This city is home to many seasoned professionals who have created their careers, and young professionals looking to make their name in Washington. Developers are jumping on this as well.

Over 35,000 new units are in the making right now for the movers and shakers of D.C, and jumping on this massive growth in the area could prove for some massive results. Not only real estate development is taking place in the D.C. area, but redevelopment of crucial commercial areas like shopping malls will push forward the growth in the D.C. area.

Hong Kong

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Hong Kong has the most millionaires per capita of any other country in the world. It is easy to see why this would be a great place for real estate development. This city is growing quite quickly, and it is a very opportune time for real estate developers to be in Hong Kong.

Prices will be dropping slightly for the next few years, and this makes it a buyer’s market for developers and investors who want a piece of this real estate pie. The time to buy in Hong Kong is now.

Paris

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Paris, the city of romance, the center of world fashion, the city of art. Everyone loves to visit Paris, but only the luckiest actually live in Paris. For those who have ever dreamed of finding a roost in this storied city, now is the best time to do it.

Prices have been falling for a few years now, but it looks like it is time for a real upturn in the European market, one that will inevitably boost Paris as well. For those high end investors or developers looking to stake their claim in France’s capital, this is the prime time to do it.

Houston

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Houston Texas is home to many individuals who love the hustle of a big city, but the ability to get back to old country living when they need to. Basic supply and demand principles are driving up the home prices in the Houston real estate market. It may be a little late in the game to jump on the investment or development opportunities in this market, but it still could be a very profitable proposition for those who are looking to develop or invest in the United States.

Chicago

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Houston Texas is home to many individuals who love the hustle of a big city, but the ability to get back to old country living when they need to. Basic supply and demand principles are driving up the home prices in the Houston real estate market. It may be a little late in the game to jump on the investment or development opportunities in this market, but it still could be a very profitable proposition for those who are looking to develop or invest in the United States.

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