The company Zillow has created a rating of the best US cities for investment in real estate, according to PropertyWire. Based on rising house prices and rental rates, low unemployment, sustainable income growth and good job opportunities with a large number of people moving to the area, San Jose is ranked first in the Zillow rating. In second place - Raleigh in North Carolina, then Seattle, Charlotte in North Carolina, San Francisco, Austin, Denver, Nashville, Portland and Dallas.
Austin has the strongest population growth in the current TOP-10 - by 2.8% per year. While in Seattle - the strongest predicted rise in rent: by 3.5% over the next 12 months.
The analysis of Zillow shows how strong the San Jose market is. While house prices in San Francisco have recently begun to cool, in 2018 real estate in San Jose will rise in price by 9%.
Indeed, the average cost of housing in San Jose is more than $ 1 million, and the average rental rate is $ 3,510 per month. Over the past five years, houses and apartments in San Jose have risen in price by 78%.
Although the Zillow rating mainly consists of established "technical" cities, the two growing settlements of North Carolina also took the lead. Good income and population growth make Charlotte and Raleigh one of the strongest cities on the list.
In Raleigh in 2017, revenues grew by 9%. In Charlotte, a rapidly growing banking center, the same indicator increased by 9.5%.
Senior economist Zillow Aaron Terrazas noted that the compiled list shows that even small, more affordable markets can develop. Growing cities such as Raleigh, Charlotte and Nashville offer many opportunities for health and finance, while providing a cheaper but still convenient alternative to larger and more expensive markets in the northeast.
Earlier it was reported that prices for new buildings in the Czech Republic continue to grow.