subject: The Real Estate Boom In Portland [print this page] The Real Estate Boom In Portland The Real Estate Boom In Portland
Shifting to Portland? Real estate is booming in this city. The city of Portland has grown to be one of the leading metropolises of modern America. One of the main reasons why people are buying houses in Portland is the environment-friendly tag that it has achieved over the past few years. It is the 'greenest' city in America. This comes as a welcome change to people who have been subject to high levels of pollution in other areas. Light rail, buses, and innumerable bike lanes help keeping too many cars off the road. This helps in lesser traffic jams as well. These five points will tell you why real estate in booming here: 1. Real state rates: Portland real estate is still looking good while the rest of the country is looking at astronomical house and mortgage rates. The real estate market here has maintained a steady level so that house buyers are not put off by a sudden increase in prices. Even foreclosure rates are much better than the nationwide average. 2. Stable economic development: The government of Portland has ensured that economic development takes place on an even plane. If the downtown neighborhoods are thriving with industries, so are the areas which are situated further from the hustle and bustle of city life. 3. Property tax: For those who own properties in Portland, the taxing percentage is lower than America's average. This is a clinching factor for many prospective real estate investors. 4. Cultural and general environment: The Portland Art Museum is the oldest museum on the west coast. A large number of designers, media people, and artists reside in this cultural hotspot. To top it off, property crimes are at the lowest level since the mid-60's. 5. Scenic beauty: Portland has the largest urban park in the entire country and the city is blessed with sprawling greenery. The "City of Roses" is slowly becoming a popular tourist destination as well. These are the main reasons why buying a house in Portland is a move in the right direction. You can choose from a number of well-designed homes. Whether you want to come for a holiday or stay for long, the place to be is Portland. Real estate has never looked this good in the entire country and it is the perfect time to invest in a property here. If you are an investor, then the Portland real estate market is like a dream come true.
