What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
DC Tops List of World's Best Real Estate Markets
DC regularly ranks high on “Top Ten” lists related to residential and commercial real estate, however its top billing on Forbes recent list of the “World’s Best Places for Real Estate Buys” is worthy of some bragging rights.
The annual list has DC in the top spot for both commercial and residential real estate investment ahead of London and New York City. (Both cities have held the #1 ranking in recent years.) Here is the full list:
- Washington, DC
- London
- New York City
- Tokyo
- Shanghai
- San Francisco
- Los Angeles
- Paris
- Houston
- Singapore
Forbes writer Matt Woolsey attributed the new ranking to the proposed $1 trillion in government spending and DC’s low unemployment rank versus the rest of the country:
“Commercial and residential real estate often function as different markets, but both need low unemployment and strong job growth to put money in the pockets of consumers and help businesses to succeed. At present, D.C. has the lowest unemployment rate in the country—4.1%, compared to the 7.2% national average. With President Obama’s stimulus package recommending $1 trillion in new spending, it’s unlikely government jobs—and those they support—will be leaving the District anytime soon.”
DC tied with London for second last year, and was fourth the year before that.
This article originally published at https://dc.urbanturf.com/articles/blog/dc_tops_list_of_worlds_best_real_estate_markets/475.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... read »
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
As profits drop around the country, sellers around DC are still realizing hefty retur... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro