Boston investment properties hold steady
Investment property values in Boston remain stable. Boston is one of the few cities barely affected by the bursting of the housing bubble in the entire country. There are many reasons behind this. As well as being extremely beautiful, wonderful, historic and exciting to live in, and the infrastructure is extremely strong. Boston is home to some of the best schools and hospitals in the world, making it a city where people from all over the world will compete to live.
Historically, investing in Boston real estate has been a stable option. Even with the current nationwide housing crisis, downtown Boston was barely affected. Real estate markets in cities like Miami, for example, have almost completely collapsed.
Investors from around the world have been snapping up properties in Boston as world currencies have been rising. 300,000 euros, for example, you could hardly buy a 1-bedroom apartment in Back Bay 10 years ago, now you can buy a luxury 2-bedroom apartment. Europeans know this might not last much longer, and Boston real estate is a great investment.
The rental market in Boston is one of the strongest in the world, as there is a high demand to live in the city due to all the schools, hospitals and jobs. Many Fortune 500 companies are located in Boston, as well as satellite locations of mega corporations like Google.
There is also extremely high demand for rentals and sales in neighboring Cambridge. Cambridge is home to 2 of the best universities in the world: Harvard University and the Massachusetts Institute of Technology. It is also home to a flourishing biotech industry.