San Antonio Real Estate Growth Potential
According to a survey conducted by the San Antonio Business Journal, San Antonio ranks very well among the most resilient and most stable economies that have a huge Summit Real Estate Agents market potential. Besides the undoubted growth, experts say that San Antonio still has plenty of room for even greater growth, at least going by the yearly GDP per capita growth rates. Home sales are surging, prices are increasing and the inventory of homes available for sale is tightening making the rental property in San Antonio the most lucrative in the region.
Strategic Location of San Antonio
Conveniently located south of Texas, San Antonio is just an hour drive from Austin city and 2 more hours drive from Houston. Over the past years, San Antonio has grown from a Spanish colonial outpost and a home to the Alamo into becoming a large city with a booming economy in the recent years. The city’s economy has been termed as one of the most robust thanks to the diverse strength that cuts across the sectors such as manufacturing, technology, financial services and real estate market.
What Investors Should Know About San Antonio
For a place to be said to be attractive for investors, there are certain fundamentals that must exist. Here are some of the facts about San Antonio and which every investor should know.
Population Growth and Forecasts
KENS 5, San Antonio’s leading local news station said that Alamo City is witnessing a boom in growth thanks to its unprecedented population explosion. More and more people from across the globe are now coming into San Antonio courtesy of the city’s attractive tax regime, low cost of living and high employability rates. A study has shown that approximately 100 people move into the metropolitan area daily, a trend that makes San Antonio one of the fastest-growing cities in the nation
Job Market
Many experts have called San Antonio an “overachiever” when it comes to employment opportunities which have continuously outperformed the nation’s average rate. The city’s Business-Cycle Index continues to expand since 2016, with the growth in employment rate the tight labor market notwithstanding, the Federal Reserve Bank of Dallas has reported. With the city’s economy revamping following the coronavirus pandemic, the BLS has reported that employment rates are projected to increase thanks to the growth recorded by the financial services, transport, and technology sectors.
Real Estate Market
According to Curbed, San Antonio is the 5th best market for real investments in 2020. In a separate study, the real estate and urban design blog network noted also found that many investors often overlook San Antonio despite that home prices have been surging over the past years. For more information about investing in San Antonio Rental property, contact Summit Real Estate Agents.
