Philadelphia is ranked among the top ten counties with the highest rental returns in the United States. Rental properties in Philadelphia are in high demand, not only because of the low property prices, but also because of the stability of the real estate market. This combination plays a major role in making Philadelphia a popular destination for investors. A few other reasons Philadelphia is such a hot spot for investors include the following:

Property Tax

One big incentive Philadelphia offers investors is the opportunity to buy raw land and build a property using 100% new construction to automatically abate all property taxes on the building for 10 years. This allows rents to flow uninterrupted, right to your bottom line.

Rents

Well-built rental properties are particularly high in demand, as people generally tend to seek quality. Real estate companies, like NRIA, manage luxury properties for high net worth clients and help them make significant profits by offering the highest annual returns available. Learn more about NRIA’s strategic investment opportunities by visiting here.

Also Read: 5 Facts to Confirm Philadelphia’s Promising Future and Investment Possibilities

Lifestyle

Living in Philadelphia guarantees a balanced lifestyle to dwellers. Simply put, Philadelphian’s get the best of both worlds. For instance, properties closer to the outskirts of the city offer residents a modern lifestyle with easy access to restaurants, pubs, and public spots, as well as a serene atmosphere

Neighborhoods

Philadelphia properties provide a pleasant and serene atmosphere. Moreover, local authorities are working hard to improve the development process and are making efforts to improve infrastructure, too. Philadelphia’s future promises the development of many more impressive projects that will make the city even more desirable.

Jobs

Philadelphia is mostly known as a hot spot for working professionals. New businesses and job opportunities are constantly being created here, which helps attract new occupants for rental properties. Development in the northern region also indicates an increase in population, which will also lead to a higher demand for rental properties. 

The best thing about Philadelphia real estate is that it is stable, irrespective of economic changes. High returns on rental properties are easily attainable, especially if you have professional assistance when purchasing and managing your property. Consult National Realty Investment Advisors if you want to learn more about investing in the ever-flourishing Philadelphia.

Recommended Read: Why Renters in Philadelphia are more confident about buying a home