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Halifax Real Estate Offers Good Potential For Real Estate Investors
Halifax Real Estate Offers Good Potential For Real Estate Investors
Things are changing pretty quickly on the Halifax real estate market front. Just a couple of months back, the place painted a rosy picture for real estate agents as prices, housing starts, and sales volumes were all on an upward spiral. The situation seems to have changed now, though not for the worse
Halifax,
Nova Scotia,
Canada
(pr4links.com)
29/03/2011
Fortunately, Halifax real estate is not seeing the type of plunge that other major U.S. markets or major cities in Canada are experiencing. The U.S. markets continue to tumble with sales for single-family homes dropping a staggering 27 percent. Customers are just not buying despite the low rates of interest and lower prices. The net result is a huge pileup of inventory, an indicator that things are going to get worse in the future.
Halifax real estate, however, seems to have borne the brunt admirably well. The market here is flat with the average prices showing a slight rise, despite a drop in overall sales volume. New home sales in Halifax are down by a mere 3 percent, but prices are up by a healthy 4.5 percent, which real estate experts say is an indicator of a healthy, buoyant market.
Leading real estate experts in the area believe that Halifax will experience modest price increases with a continued reduction in overall sales volume. Real estate listings on major real estate portals have some exciting properties on offer.Halifax condos are in great demand; they offer great value for the money. The location of the condos is in the heart of the city, and they are well maintained and updated. The rooms are spacious with generous-size master bedrooms, bathrooms, and numerous in-unit storage facilities.
Dartmouth real estate also offers some exciting investment opportunities for real estate investors and home buyers. Properties listed on real estate portals of Pam Lionais mostly have three bedrooms and two bathrooms and are two-story semi-detached structures. They are located close to facilities such as schools, bus stops, malls, and markets. Most homes have walk-out basements and are well maintained and freshly painted.
Pam Lionais also lists a property in Dartmouth that houses a famous business establishment. The upper floors have three spacious bedrooms while the restaurant below can easily seat 50 or more customers. You can either live onsite and run the show or let the rent pay for your investments.
If you are planning to sell your Halifax home, then seeking the advice of local realtors can help your cause. They will be able to guide you through the selling process and help you get the best rates for your home or establishment in Halifax. Professional Halifax realtors know the local real estate scene extensively and are equipped with real estate facts and figures to help you get the best deals. Professional real estate agents can help you know how much your home is worth with their free home evaluations.
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