5 Key Reasons to Invest in the Los Angeles Real Estate Market
Heralded as the entertainment capital of the world, Los Angeles is attracting a growing number of foreign real estate investors due to its favourable geographical location, budding economy, glamorous lifestyle and state of the art facilities. Los Angeles ranked No. 1 in North America in a survey of global real estate investors who had a combined total of $1.7 trillion to spend on property in 2017.
Krypton Global Investments breaks down the 5 key reasons to look into investing in the dynamic Los Angeles real estate market:
- Return on Investment
Los Angeles home prices have risen 30% in the last three years. High home prices force a majority of LA residents to rent, this makes apartment buildings a good investment for potential investors. Zillow, the leading online real estate marketplace, gives the Los Angeles rental market a healthy 8.8 out of 10 and forecasts a 9.3% price growth. - The Revitalization of Downtown Los Angeles
Downtown Los Angeles has undergone a stunning revitalization in the last few years with the influx of leading financial institutions and hotel chains, the addition of lush green parks, the rise of a bustling art scene and the renovation of historic properties for modern day use. As downtown Los Angeles continues to experience growth, the top 5 financial firms in the world have shifted their offices to the downtown area, creating almost half a million jobs in the process. Residential property developments have been unable to cope up with downtown LA’s growth and subsequent demand for quality housing. This has resulted in property demand far outweighing supply. There is great scope for capital appreciation and high rental yields making downtown Los Angeles an excellent real estate investment option. - California has the worlds 5th largest economy
California was recently named the 5th largest economy in the world. The dynamic Los Angeles real estate market was identified as one of the main factors that bolstered the economy’s growth. Los Angeles has long been considered the entertainment capital of the world, making it a hot spot for real estate investments from around the world, especially with its year-round warm climate.
- Los Angeles is currently a seller’s market
The Los Angeles Real Estate market is currently considered a seller’s market with rising property demand and limited housing supply. Demand from buyers is predicted to increasingly outpace the supply of homes for sale or rent over the next few years resulting in positive pricing and rental trends for sellers. - The high number of Tenants available
Los Angeles status as one of the most glamorous locations on earth means there’s always demand from tenants for a chic Los Angeles property. Property owners are unlikely to face any issue in terms of finding tenants to list their rental property. Los Angeles properties currently boast a 77% Airbnb occupancy rate.
Krypton Global Investments is currently listing modern residential apartments in the stunning Metropolis Residential Towers in Los Angeles. Located in the heart of downtown Los Angeles, Metropolis is just minutes away from L.A. Live, the Staples Centre as well as the vibrant arts and financial districts of Los Angeles.
The residences at Metropolis feature thoughtful, contemporary design to complement each tower’s offering of distinct indoor-outdoor lifestyle experiences.
This project has been developed by a leading US real estate developer, Greenland USA, who has invested more than $7 billion in spectacular projects in the United States. Greenland USA is a subsidiary of Greenland Holding Group, which is publicly traded on the Shanghai Stock Exchange (SSE) and ranked on the Fortune Global 500.
Get in touch with us at [email protected] to set up a consultation on investing in Los Angeles, US.
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