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Charleston
Home prices in Charleston real estate are finally beginning to get back on track. Appreciation rates are fierce given the strong economy, new construction, and being one of the most affordable real estate markets in the country. Charleston is attracting real estate investors because of its favorable housing market conditions.
Charleston also attracts tourists because of its southern charm, maintained and unique architecture, and its rich history. It makes a great location for an Airbnb investment property and was listed as one of the most profitable Airbnb locations based on cash on cash return.
Another possible strategy for real estate investing in Charleston is buying rehab or fix-and-flip properties. While other cities have a much larger supply of foreclosure properties, Charleston’s supply increased mid-2016.
Although Charleston is a major city in South Carolina and in the country, the home prices are still affordable and the city has a high demand for rental properties and short-term lodging. The city is expected to bring in more investors, who will be able to collect high rents.