GCG Real Estate US Tour: Why Invest in Detroit?

The US real estate market is abundant with potential investments. But the question plaguing the most experienced investors is what’s the best and most plentiful option. Join us on our GCG Real Estate US Tour to find out the best options as of right now! And our first stop is the seat of Wayne county - Detroit.

The city’s troubled history is not a deterrent in 2022. Right now, investment residentials in Detroit are ripe for the taking! Why? Well, a few different factors contribute to this, so let’s look at them.?

Affordability & Potential?

The Detroit real estate market is on the rise - residential prices have been steadily rising in these 5 years. In fact, home values have increased by over 122% in the past 5 years. In this last year alone, values have increased by 27.4%! But that’s not even the end of it as the current residential prices are exceptionally low - around $80k. With past trends showing a major potential for further growth and the current prices being so low, now is the time to strike!

Capacity for Rental Deals

Not only is the housing market in Detroit on the rise but so is the residential rental market! Rent prices in Detroit have increased by 15% year-over-year and there is no indication this trend will go away anytime soon! In fact, due to the surging number of startups in Detroit, it can only grow. The rise of the business sector will bring in an influx of people who will move to Detroit long-term. Hotels being far too expensive for long-term stay, they’ll be looking for rentals.?

Any Risks??

Well, the risks are pretty low considering the trends, percentages, or numbers we’re seeing. And, as we all know, numbers don’t lie. Plus, the increase of startups guarantees many people moving to Detroit for a while or relocating permanently and that will boost the number of people looking to purchase or rent properties. In short, while there’s some degree of risk, it’s much lower than with many other locations one would think of investing. And those who don’t take any risks don’t drink champagne!

If you would like to start your real estate investment journey by investing in Detroit right now, contact GCG Real Estate! And stay tuned for more from our GCG Real Estate US Tour! Videos are being uploaded!