ديترويت has lead the way over the last 12 months as the hottest investment property market in the US, with New York coming in second and Toledo Ohio coming in third. Things look like they could start to change over the next 12 months, with house prices on the rise in ديترويت investors are now seeking other cities that offer great rental properties but also sustain a high return on their investment. One city that has now caught the investors eye is كليفلاند Ohio, the reason for this is simple, كليفلاند Ohio offers investors low priced properties which attract high rents in a bustling city. كليفلاند is located in Northeast Ohio and currently is undergoing more than $12 billion in major capital investment, it currently possesses a $170 billion economy. 70% of the Fortune 500 companies have a presence in this region and it has the fastest growing healthcare economy in U.S.
In Greater كليفلاند there are more than 51 thousand small businesses which are pushing rents upwards. So you may ask if there is so much going on in كليفلاند Ohio why isn't everyone investing there ? well the answer is they are. كليفلاند News 19 recently ran an article - WARREN BUFFETT WANTS TO INVEST IN CLEVELAND The 2nd richest man in America has been focusing on the rejuvenation of this region and looking at investing in the Goldman Sachs 10,000 Small Businesses program. ديترويت billionaire Dan Gilbert who poured nearly $2 billion of his own money into revitalisation of ديترويت is the owner of the National Basketball Association's كليفلاند Cavaliers, Gilbert has invested close to $1 billion in and around downtown كليفلاند.
If you walk around كليفلاند today you will see various sites and buildings under construction or planned for near-term development, most notably the redesign of Public Square. كليفلاند like ديترويت is changing and is becoming bigger and better, there is a 95% housing occupancy rate in downtown كليفلاند and it is now among the Top 10 job markets for new college graduates. كليفلاند still has a few turbulent years ahead, local house prices universally have been rising in كليفلاند but prices across much of كليفلاند and some surrounding communities remain far below their peak, many homeowners in Northeast Ohio believe that the real estate recovery still hasn't arrived.
Investment is about timing and like ديترويت the time is right for كليفلاند, Global Investments have teamed up with some of the best brokers in كليفلاند and are currently working on launching our new division in downtown كليفلاند, like ديترويت we will be offering well priced properties under great management and in the right locations. But is not just about property sales, we will ensure that our properties are well maintained and add value to surrounding communities, we will work with local companies and builders to make sure we contribute to the redevelopment. كليفلاند Ohio is a fantastic city, we feel as passionate about كليفلاند as we did about ديترويت four years ago, 2017 will be a big year for كليفلاند and we are looking forward to being part of it.
