Ever since the pandemic has hit the United States, the country’s economy has been struggling with many industries facing losses, and many organizations forced to downsize to keep their businesses afloat. However, the real estate industry has seen substantial growth even with the stay-at-home orders and mandatory social distancing, especially in Houston.

According to the latest statistics, the sale of all properties in Houston has increased more than 18% since last year with more than 11,000 properties sold this year!

Image Name: Houston-Real Estate

Alt Text: An aerial view of downtown Houston showing the business real estate of the city

For someone looking to invest in the booming real estate industry, Houston is the perfect place to start with a good chance of high returns on Investment. Here are the top reasons that make Houston the perfect place for real estate investment in 2020:

High Population:

With over two million people living in Houston, it is the largest city in Texas and the fourth most populous city in the United States. It is estimated that the population will almost double by the year 2050, which means there is a bright future for the real estate industry in the area. With more people coming to the city each day, the demand for affordable housing and rental properties is expected to grow steadily in the coming years.

Variety of Available Property Types

Houston is home to a diverse population with people from all walks of life and different kinds of businesses. The demand for business infrastructure and residential housing is growing rapidly, which gives an edge to prospective investors. There are many acres of land in Houston that are still underdeveloped, which means investors can easily find new and old properties and develop them according to the demand.

Image Name: Houston-USA

Alt Text: Houston at nighttime with speeding traffic

Booming Trade and Economy

Houston has one of the largest US ports in terms of tonnage handled and is a hub of international trade. The booming and expanding trade market and the ease of business with fewer rules and regulations compared to other major cities in the world attract people from all over the country and even foreign investors. These people need permanent or temporary housing as well as properties to conduct their business in Houston. The booming economy and trade also attract more people and has given a boost to the number of jobs in the city.

Hire Professional Services of Experienced Real Estate Broker!

Get in touch with a professional real estate broker with vast real estate experience in Houston, Eleanor Curry. She has been helping investors hind the perfect properties in Houston for the past several years through her in-depth knowledge of the local houston commercial real estate brokers trends in Texas.

Contact Eleanor today and let her guide you in making lucrative commercial real estate decisions and expand your real estate portfolio!