Luxury Houses Sell Like Hotcakes in Denver

Denver has managed to retain its position as one of the most sought after places when it comes to investing in property. The willingness of potential buyers to invest in property in Denver irrespective of the staggering increase in the property prices clearly shows that this place is still covetous. Denver has been a major attraction for tourists over many years, its proximity to the Rocky Mountains and myriads of recreational activities offered by it make it a hot spot for second home buyers.

The affluent always prefer to keep a second home close to the mountains or the country side, since these are the places where one would want to unwind oneself and when we are talking about such places Denver is hard to miss. Over the last one year Denver witnessed an appreciation of 38 percent in the sales of luxury houses and another not-so surprising revelation is, a major chunk of potential buyers do not belong to Denver. It can be clearly concluded that international buyers see Denver as a potential market for investment and are trying to reap maximum benefits out of it.

This place entices swarms of tourists over the year and the unique blend of urban surroundings with the rustic mountainous region lures prospective buyers even more. Since the rise in sales has only been recorded for the houses with the value $500,000 or above, it can be speculated that only the luxurious property is selling like hotcakes.  With such enticing sales statistics it is an appropriate time to invest in property to reap maximum profits.

via:Examiner

 

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