With a population of over 7.1 million people, Houston is the most populous city in Texas, and the fourth largest city in the United States. This city is also home to the highest number of Fortune 500 headquarters in America, after New York. The rapidly growing city has a massive international trade as it provides a healthy and secured real estate profile for local and even foreign investors. Immigration has also contributed greatly to its growth and diversity.
In Houston, housing real estate is affordable. With 5%-20% below the current fair market value, 12 Month ‘No Vacancy’ Guarantee, 12 Month Home Warranty, $75,000 average purchase price, Median rental per month is $1,550, 3-year appreciation forecast of 10.5%, and an unemployment rate far below the national level.
Lagos is reputed to be Africa’s 5th largest economy, Nigeria’s economic and financial hub, number one investment destination for investors, and the most populous state in Nigeria. So be it residential real estate or commercial real estate, Lagos state tops the list. In 2020, real estate developers continued building as a result of increased demands in residential housing units
Industry stakeholders are optimistic the real estate sector will yield massive returns to investors in 2021 as Nigerians living abroad are also taking out equity from their mortgages and funneling some of the proceeds into Nigeria’s real estate market.
Las Vegas, U.S
Las Vegas is the most populated city in the state of Nevada and the 28th-most populated city in the United States. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The primary drivers of the Las Vegas economy are tourism, gaming, and conventions, which in turn feed the retail and restaurant industries.
Mining and construction constitutes a significant component of the economy. The average rental income in Las Vegas is $1,107, a 5% increase compared to the previous year; and the average townhome costs nearly 200,000 dollars, and their prices increased 11 percent. Currently, Las Vegas is a sizzling seller’s real estate market in the United States.
Abuja is one of the fastest-growing cities in Africa – the Federal Capital Territory (FCT) has risen to become a significant investment destination in recent years. Supported by rapid population growth, rising GDP and expanding household consumption, a wide offering of opportunities have arisen across construction, mining, agriculture, ICT and real estate. While the majority of Abuja’s infrastructure projects are being undertaken by the FCDA, private sector activities and investment are also predominant in the real estate sector. With rapid urbanization, construction, increased demand, and rising population growth, Abuja’s high-end real estate market seems to be doing really great.
Durham, North Carolina
Durham offers residents a dense suburban feel and about 52% of its residents rent their homes.
With a median home price of $256,993, Durham real estate prices are well above average cost compared to national prices. The U.S. Census Bureau estimated the city’s population to be 278,993 as of July 1, 2019, making it the 4th-most populous city in North Carolina. Student housing in Durham is also experiencing a rapid growth; being home to several colleges, universities & research centers, Durham has a large pool of student renters.
The median household income is $54,284 and per capita income is $32,305. The average rent for an apartment in Durham is $1,181, a 3% increase compared to the previous year. Currently, Durham is a seller’s real estate market in the United States; with an average annual home appreciation rate of 4.03%, Durham has a track record of being one of the best long term real estate investments.