If you are looking to live in a historic southern city with a ton or charm, Charleston may be your answer. Sitting on the South Carolina cost, the real estate market is primed for growth.
The Real Estate Market in Charleston, South Carolina
Charleston is located at roughly the mid point of the South Caroline coastline on the Atlantic Ocean and has a population of just under 100,000 people. A city with a lot of history, Charleston has an old south feel with all the amenities you would expect in a modern city.
The average Charleston home sells for about $180,000, a figure that more or less matches the national average. Home appreciation rates are a bit below national averages, but still a healthy 7.4 percent. More importantly, the appreciation rate may be primed to increase dramatically over the next few years. The reason for this is job growth.
Any real estate market is heavily influenced by job growth in the local economy. The more job growth, the more demand there will be for workers. As more people move into the area to fill that demand, the higher home prices will go. Currently, Charleston is experiencing strong job growth. More importantly, the growth rate is expected to be nearly four times as high as the national average for the next four years. This signifies the beginning of a strong real estate market for Charleston properties.
The City of Charleston is a pleasant place because of the coastline location. It also offers the basic amenities you would need living in any city. Schools meet or exceed most national averages with higher education being particularly strong. Health costs are about equal to the national average, but you will find nearly twice as many doctors in Charleston. If you are going to have a health problem, this is the place.
The climate in Charleston is fairly mild since it is located on the ocean. You can expect summer temperatures to top out in the low nineties, while winter temperatures can be in the forties. You are going to get rain about 30 percent of the time with 50 inches being the annual average.
All and all, Charleston is a good place to live and the real estate market looks stable with robust growth on the horizon.
Raynor James is with the FSBO site - FSBOAmerica.org - homes for sale by owner. Find homes for sale or read about the FSBO Charleston SC market.
Punjab Real Estate Prices: On a Rocket to the Moon
Mohali Real Estate: Imitating Gurgaon
Recently, a Shop-cum-Office-cum-Flat (SCF) in Mohali with a reserve price of Rs. 2.5-crore was bid for and went for a whopping Rs. 4-crore. A figure that is, surely indicative of the rocketing real estate prices in this booming IT city. And, this transaction is proof positive that the market is over-heating beyond reasonable levels.
Nowhere was it more evident than at the auction of commercial plots held at PUDA Bhawan a few days ago. In sum total, PUDA pocketed a cool Rs. 40-crore from the auction of 45-commercial sites, at various locations around Mohali. With 51-sites to auction off, including SCFs, booths and bay shops, the Punjab Government was left with just a handful that did not move.
As people jostled to position themselves in order to grab the best opportunity, industry experts pointed out the auction, plot locations and positioning justified the premium paid for them. They stated the Rs. 4-crore bid was not a benchmark deal that would throw Mohali real estate prices disproportionately out of gear, stressing there was no cause for concern about property prices rocketing to the moon.
In fact, one bidder echoed their sentiments, saying: "They have paid the price keeping the product they are going to build in mind and the market will support the price. It will still be affordable for us and we will make money on the deal." T.P. Singh of Guru Nanak Property Consultants explains: "It is true that there are a few properties being chased by too many developers, but the pricing of these lands cannot be considered a benchmark for other properties in town."
And, industry sources affirm, saying Mohali is slated to become a large retail-cum-hospitality hub, with an IT Software Park, hotels and upscale residential complexes, as Chandigarh's space crunch exacerbates with the wave after wave of IT and telecom giants, impacting returns and viability.
There is no doubt; soon Mohali will be playing Gurgaon to Chandigarh's Delhi. One can see a similar trend, as when developers moved to make Gurgaon more of a hip and happening place than Delhi. Could that happen to Mohali too, as Chandigarh watches with bated breath? More than likely, as Mohali real estate gets snapped up at unheard of prices
Source: Times News Network
This article is sponsored by: www.indiarealestateblog.com
Paris Apartments marais
"Located right in the very center of Paris, in a charming sidestreet of the historic Marais area, this duplex apartment combines the classic Parisian charm of exposed beam architecture with the comfort and style of modern furnishings and amenities. The apartment has been freshly renovated and refurnished, finished October 2005.
The interior design is modern and stylish, with crisp clean lines and matching natural tones over a dark wood parquet floor. The seating area features a large comfy sofa (unfolds into queen sized bed as required), as well as two soft matching footstools. Both seating and dining areas are designed to accommodate 4 guests in comfort.
With two tall french windows, it's an airy room to relax in. The hundred-year-old ceiling beams bring a delightful sens of Paris history, painted a soothing pale grey to harmoniously integrate them with the modern designer look.
The kitchen is open plan. The units are finished a glossy white, with stainless steel splash backing. A solid wood worktop brings a contrasting warmth. The kitchen is fully equipped.
Upstairs, the bedroom very spacious. The bed is king-sized (rare in Paris) and is particularly welcoming thanks to its thick luxurious mattress and soft headboard and cushions that match the curtains. A smart leather desk and leather chair offer the possibility of working from home if required. The view overlooks a pedestrian square, and double-glazing means that despite the lively central location, the room is quiet.
The bathroom is equipped with a bathtub and wall-mounted shower + shower partition, a towel heater, a lavatory and a stylish rectangular wash basin resting on a slab of exotic teak wood.
With a perfectly central location and a beautiful contemporary interior, this is an ideal Paris home from which to explore all the best areas of central Paris on foot."
