When it comes to buying real estate, investments can be key. The third annual Schroders Global Cities 30 Index was recently published, showing which cities are the most promising for investing. The London-based investment bank included 17 cities in the United States within the top 30 cities on the worldwide list.
So, who ranked in the top spot? Los Angeles was first overall, largely due to its economic core. Not only is the city known as a popular place for filmmakers, it also has a flourishing technology industry which has led many people to move there for job opportunities. This has made Los Angeles a place with a strong economy that isn’t going to slow down anytime soon, proving it to be a smart place to invest in real estate.
The other cities that made the top 5 on the list are London, Boston, Chicago and New York. Each of these places have unique, dynamic economies that make for promising investments. Factors that are used to compile the list include population, household income, retail sales, Gross Domestic Product and ranking of local universities. When put together, these determinants are able to strongly show which cities you should invest in.
If you are a Seattleite, you’ve got nothing to fear. The Emerald City came in at number 13 on the list. The local real estate market has been continually growing, and thanks to local technology companies there is no stopping in sight. Investing in Seattle real estate is a smart move for both the present and the future.
For more details, check out this article from Forbes.