Everyone has different tastes when it comes to buying properties. What type of investment property are you looking for in Nova Scotia? The numbers for last year are in and show that there is a 14 percent increase for the sales to listing ratio.
What’s going on in 2019?
Is real estate in Nova Scotia enjoying a buyer’s market?
Let’s take a look at one particular area of Nova Scotia for a moment.
Have you heard of Cape Breton Island?
In this area, the market seems to be appealing to people who are looking for properties in the $150k range (in Canadian dollars).
What type of budget are you working with? The numbers are one thing, but it truly depends on the type of property you’re looking for.
Of course, the market forecast can be helpful. With the ratio increase mentioned earlier for 2018, you can tell that people are certainly looking to buy. This is due to a variety of reasons, and you know that Nova Scotia has certainly benefited from Canadian real estate being red hot in recent years anyway.
The median house prices in Nova Scotia are considerably more than the $150k range mentioned a minute ago for cape Breton. House prices overall are on the rise, so what’s up with there being more buyers? Well, as mentioned the market is hot, perhaps for both sides. Sellers are getting what they want, and buyers are, too. They are investing in properties whose values are increasing year over year.
When you evaluate the Grundstückskauf in Nova Scotia, there are so many statistics you can look at. What you want out of those is to know that you’re looking in an area that would be best for adding properties to your portfolio. Then you can start looking at individual property listings so that you can decide which ones you’re going to buy.
Are you going to buy properties and lease them out? Are you only looking for residential properties, or are you going to look at commerical property listings as well? The commercial property market is of course a little different and a little riskier.
Remember, you can also look at other areas of Canada outside of Nova Scotia so that you can make comparisons. The objective is to buy properties at a discount that can make you some rental income. It may be a buyer’s market, but remember that property values are also still on the rise.