It should be noted that real estate in USA, both among beginners and experienced investors, has always been in demand and remains so. Investors have seen particularly good capitalization growth over the past year.
According to Abraham Sanieoff, real estate in the USA is perceived as the most reliable form of investment. Accordingly, the demand for real estate during the period of economic recovery will remain high, despite objective factors that increase the construction cost. According to Abraham Sanieoff, residential real estate in cities of regional significance will continue to look like an acceptable form of investment in the long term.
Abraham Sanieoff thinks that due to the current situation in the real estate market when prices have already shown a significant increase, opinions differ on the future. In terms of the economic growth potential of the USA and the growth of real wages of the population, the cost of a square meter in the USA may grow by another 4-8% during 2022.
"However, investors are already actively looking not at the housing stock but commercial or suburban real estate. As a rule, such options offer higher returns than residential real estate and retain the potential for price growth per square meter.
For example, you can become an investor already operating a hotel and restaurant complex near Manhattan at 8.5% per annum in foreign currency or invest in country cottages at an estimated 12-16% per annum in 2-3 years," Abraham Sanieoff shared. So, let's now know the advice that Abraham Sanieoff would give to somebody interested in investing in real estate this year.
Abraham Sanieoff calls this method "a situational type of investment for megacities." The level of income depends on the location of the parking lot - you are willing to rent a place in a busy area, where parking a car in the yard is often unrealistic.
NOTE:
Abraham Sanieoff claims that it is important to take into account such a simple law: the purchase of real estate without further leasing or resale data turns this profitable asset into a liability.
ABOUT Abraham Sanieoff
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