Inner City Apartments Set to Experience Capital Growth
The website Smart Property Investment discusses why the inner city apartments might see a phenomenal upsurge from this point onward, letting their investors cheer all the way to the banks. No mean thing one guesses!
High-density housing projects in the inner-city area
Over the course of next half a century, the inner-city apartments will post superb returns and there are no less than half-a-dozen factors supporting this theory. Population growth over the last decade has made high-density zoning a necessity; dwelling constraints and chronic undersupply only pushing the point with further vigour. In such a situation, commits the article, some places will witness a massive rise in fortunes.
Lifestyle changes have made inner-city a unique draw
Demographic changes and shift in preference of property make the inner city apartments an ideal candidate to come up on tops. There is clearly a paradigm shift today. Lifestyle choices we have made for ourselves has made us entertainment-centric and driven us towards amenities. In 50 years from now, we will be two heads in place of each head and this kind of population growth will necessitate high density zoning in the metropolitan area.
Government only too willing to give inner-city housing a boost
The government which is funding metropolitan infrastructure will only try to ensure that they get to recover the costs by putting in as many units as possible in the inner-city area.
You can read the original article here.
Our mindset is changing
I think that we are moving from the McMansions and the real big suburban houses in our mindset. Today, we are more than happy getting a home anywhere near the CBD area; where we can access amenities with relative ease. This has a lot to do with the gentrification that the top cities have undergone over the course of last couple of decades.
If low interest rates can keep the consumer sentiment from flagging for a little while longer and the spate in unit approvals sees the light of construction (equivalently), the inner-city gold rush does not look like impeding for some time to come.