We always seem to be mesmerised by the hope of investing in the next best thing when it comes to property. It’s a funny industry the real estate market because it’s a little like clothing fashion. Something goes in and out of fashion, and you essentially have to keep up with the public demand, or you’re going to become irrelevant. What we’ve been seeing lately is cheap homes being bought, renovated by professionals who in turn, ‘flip’ the property and make a huge profit. To look further into why this has been successful, you’ve got to wonder who or where these properties are being bought. What you’ll find as you go further down the rabbit hole, is actually, where these properties are has perhaps the biggest pull factor for emerging markets and consumers entering into those markets. So rather than what kind of property you should be investing in, what about where the next best thing might occur?
Photo source – pxhere
Urban interiors of large cities
Millennials are very keen to work in large cities and no more so than the capital cities of the world. The reasons behind this trend are scattered and to even try to pinpoint might be close to speculation. However, what you normally see, is that high-rise buildings are appearing everywhere in capital cities because millennials are earning more than their parents did. And yet, the weird thing is the housing market is quite full, and the prices are continuously going up. The only option these young professionals have is to buy or rent a property close to their work. Many years ago, youngsters aimed to buy a car as soon as they could, because it was a symbol of personal freedom. This has largely dropped out of popularity among millennials because public transport in large cities is their main way of getting around. Constant a professional Property Investment Company which can find gaps in the market for you if you’re having trouble. This is sometimes the best option, because they have dedicated teams with proven track records with the knowledge, expertise and contacts to make a real impact for you. So look for apartments and houses that are buy-to-let, in large cities, with good transport infrastructure if you want to attract the younger generation.
Image by – Max Pixel
Holiday homes
One of the recent trends that have taken off like a rocket in the real estate industry are holiday homes. The middle class has expanded to allow new and never before seen people into an increased financial range. The affluent middle class has slowly headed towards being financially on par with the upper middle class. Now you see people from all colours and backgrounds, more willing to spend lavishly in order to experience the finer things in life. This is why you should be focusing on where to buy villas in the most popular holiday destinations. You’re going to be witnessing more and more people flocking to the Mediterranean countries like Turkey, Italy, Greece, and Spain because what’s always going to lure the middle class in, is the sun and sea. These homes will have swimming pools and will be situated in the countryside, so there is a chance to go walking and enjoy the long open fields.
Indeed, the type of property is important, but rather than diving in head first, you might want to research a little, on why such real estate is popular. Soon you’ll begin to see the reason some property types are becoming trendy is because of their location, more so than anything other reason.