After the news about the disasters that are plaguing the White House, we want to devote ourselves to a boom in the USA that is shocking. We speak of the exponential increase in house prices. A disproportionate increase, not seen since at least 2014. In this period of great uncertainty, it is therefore necessary to put some firm points. To better understand what the actual situation is and how it will evolve in the future.
So, if you are interested in the topic or if you are simply curious to know more, you are in the right place. At Realigro, we want to remove any doubt. So, let’s get started!
The data speak for themselves. The 10 largest U.S. cities have recorded a price increase of 7.5% in October. And in the previous month equal to 6.2%. This has undoubtedly discouraged the purchase by potential investors. But the blame for all this should not be assigned solely to the pandemic emergency. In fact, in recent years, America has become increasingly inaccessible. Even in terms of permits from foreigners. Mainly because of the Trump administration, decidedly not inclined to international openings and more based on hard power. But the real boom in the USA has been influenced by another factor. That relating to the growth of the main chains of the fashion world. They have tried to establish themselves with small or large shops in the main cities.
We are obviously talking about the luxury segment, unassailable even in the real estate market. Automatically, the growth of these small centers of high level, has generated an increase in the actual value of any property in the vicinity of these places. This, coupled with the general need to stay in the market, has led to an exponential increase in the sale price of any property. But in a period like the one we are living, how is it possible to reconcile the need to sell with the health emergency? Will it be possible to find the right balance? According to economists, the road before stability is still very long. But let’s discover together the reasons for this conviction.
The doubts regarding the current situation, unfortunately, remain. It is virtually impossible to make predictions, especially in America. Perennially affected by diplomatic incidents. Last but not least, the one related to the change of baton of the President of the USA.
What keeps a faint hope of recovery alive is the increased interest in houses on the outskirts of the metropolis. Far from the cities, in total harmony with nature. The Covid-19 emergency has created a boom in the USA. That of living in more natural environments, large and close to natural sources. Such as meadows, lakes or other landscapes of extraordinary beauty. It is no coincidence that this type of real estate that is well connected with these elements, are going for the most. And above all, at prices decidedly more accessible than those previously listed.
Is there a phenomenon of de-urbanization? Will this be the fashion that will characterize 2021 and the years to come? To answer this question, just continue to follow us daily!
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