Pittsburgh is with no doubt, one of the most profitable places to invest in real estate.
As a result of a very thorough and continuous research throughout the USA since 2008 (after the sub-prime crisis), Pittsburgh has emerged as an extremely profitable option for investors.
The opportunity is complied by several deciding factors:
- A promising economy that is proving to rebound from the crisis at an impressive rate.
- An attractive cost of living that has created a positive effect of housing demand.
- Pittsburgh is not a city prone to natural disasters. As a result, insurance costs are minimal.
- PGH Investments Inc.’s capability to offer houses at below market value while at the same time offering relatively high rental income and potential property appreciation.
This former steel town may lack some of the glamour of bigger metros, but it has better prospects than most U.S. cities. The job base of colleges, hospitals and other health-care employers is growing. And while the population has remained relatively steady, those who live here enjoy slightly higher incomes than the national average.
Houses are relatively cheap too, with the average home costing just $168,612 as of Dec. 1. The housing boom boosted prices 16%, and there has been no real decline since.
Pittsburgh tops the list for best real estate appreciation in 2012!
Pittsburgh was named one of the world’s 20 must-see destinations by National Geographic Traveler in 2011.