Washington DC is a smart investment because the population continues to grow, and the visitors have continued to increase in the city. Demand will continue to be higher than supply, and now we are seeing that the number of international investors is also increasing drastically.
Luxury Condominiums in Washington DC is a terrific opportunity for people concerned about the volatility in the stock market to diversify their portfolios into something that is safer. The visitors from within and outside the country to DC have increased the demand for Luxury Condos in DC. The new Condominiums in DC are available both for rent and purchase.
Among the biggest sales in the district in 2017 are a seven-bedroom mansion, which sold for $14 million and a nine-bedroom house that sold for more than $ 12 million, both in Woodley Park, as well as a house of Eight bedrooms near Embassy Row for $ 7.785 million, according to sales information and property records.
For the luxury market, the top 5% of homes in the district are priced at about $ 3 million, which could mean anything from a five to a six-bedroom townhouse in Logan Circle, Dupont Circle, Georgetown or Kalorama Heights. The ultra-rich tend to be more cautious and prudent here. And there is less risk of investing in a house of US $2 million in DC than of US $4 or the US $5 million in New York or Miami.
Real estate experts see a continuous demand for real estate in DC in the coming years, with more residents looking for a return to the city and young professionals attracted by the technological opportunities of the region. In case you are tight on budget and looking for New Condos in DC, we can definitely help you!
