By Jim Hynes, Managing Director
Add another notch to the accolades that major Texas cities are receiving from astute real estate investors.
PricewaterhouseCoopers and ULI recently released the 33rd edition of Emerging Trends in Real Estate, one of the most highly-regarded and widely-read real estate trend reports in the industry.
The report provides an in-depth outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues. More than 1,400 individuals completed surveys or were interviewed as a part of the research process for this report and represent a wide range of industry experts, including investors, fund managers, developers, property companies, lenders, brokers, advisers and consultants.
As you can see from the chart below, Texas cities topped the rankings of Markets to Watch: Best Overall Real Estate Prospects with Houston #1, Austin #2 and D/FW #5:
Texans have known for a long time that the Lone Star State has been experiencing unprecedented population increases, job growth and healthy real estate fundamentals primarily due to its business friendly state government and low cost of living that attracts employers and employees alike. It’s no wonder that smart real estate investment companies from around the country are noticing the opportunities of Texas land as well.