Why Detroit is the best city to invest ?January 6, 2020
Detroit or “Motor City” has been hit hard by the subprime crisis. Falling property prices in 2009, a weak dollar against the euro. It is the right time to invest in Detroit.
Since the crisis, the city of Henry Ford and the Fisher brothers has been transformed and reborn from its ashes. A dynamic has been created and it continues to generate jobs.
Entire buildings, formerly in ruins, have been transformed into commercial premises or luxury apartments dedicated to new expanding companies and Detroit Downtown’s new clientele.
Like the city, the real estate offer continues to grow and offers various and varied properties. Houses, apartments, penthouses, loft are in the heart of Detroit. Furthermore, Detroit offers more than 100 neighborhoods, some of which have become competitive with the largest cities. While others have not had the financial support necessary to develop at the same level. This is why Viac focuses only on lively and promising neighborhoods where our investors can receive high return on their investment and a high capital gain on the resale of the property.
Several factors favor rental investment in Detroit. Since the crisis, banks have been divesting their foreclosed real estate assets following the subprime crisis in 2008. Indeed, the increase in rental demand is also a real driving force thanks to the establishment of many head offices like Amazon, Google or Ikea.
At Viac, we strongly advise you to invest in Detroit. We accompany our investors from the signing of the contract to the search for tenants, including the management of move-in and move-out.
Your rental investment could bring you +12% net return per month.
Are you interested in learning more about investing in Detroit ?
Our team will be more than happy to answer to your questions.