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 Real estate
at the sea or ocean coast are too expensive to afford by everyone who desires.
As a rule, these are the most expensive dwelling premises in the coastal city
to appear as the most attractive investment object. The passive income from
renting such real estate is considerably higher than income from the real
estate in the center of the city. However, there are exceptions and one of them
is Malibu.
Prices for real estate in Malibu
are equal and this is reasonable. The city is located in the coastal border stretched
along the Pacific Ocean for 43 km.
The place
for celebrities
Malibu
should be one of the famous cities in USA. Along with such busy and political
centers as New York, Los Angeles
and Washington, Malibu attracts the attention of investors
with the population of only 14 thousands residents.
What is
such popularity of this small coastal city is conditioned? How does the process ofprices work?
The real estate rarely demonstrates
its cost price by itself. The surrounding and history commit to make the real
estate popular and demanded, and it is almost irrespective of its consumer
features to make incredibly expensive or amazingly cheap.
Malibu is located in the place favorable
for climatic and weather conditions. The most period of time in California where the city is located the sun is shining
and the settlement is stretched along the coast of the Pacific
Ocean. Rare cities can boast with the warm sea around the year and
absence of frost during coldest winters. Malibu
is one of such cities.
No doubt,
that the cost for Malibu
property is related considerably to the most celebrities who chose this small
city as their summer residencies. Nearly every corner of the territory is located
with residencies of world-known stars and celebrities.
Moreover, the
stable situation in the country significantly affects the pricing in the
industry of housing objects, along with established laws and tax policy that
really works. The investors can be sure for their property since no changes
will be done to property acquired legally. Stability is the crucial factor of
the housing investments.
Where to invest?
As such, the
issue to invest in housing objects in Malibu
is not concrete. The investments into the commercial real estate are hardily
repaid in the sooner time and if repaid finally. Malibu isexclusively the resort city.
When
investments are done to objects of real estate of various forms it is worth
considering by solid investors. Actually, there are two types of such property
in Malibu –
villas and apartments.
Villas are
free to locate in the urban area and in suburbs. As a rule, villas are
the most
attractive for investments since extremely high price and immediate
adherence
to the elite society ensure the stable grow of price or the said objects
and
security of them from seasonal and casual flashes of economic troubles
in the
country, on the whole. And villas can bring thehighest income to owners
with re-selling. When a villa of medium square area is purchased
not far from the coastline, it takes the investor around $2 to $4
million USD, while
the elite property in the said district is incomparably higher,
exceeding the
average figures 5-6 times as much. The most expensive purchase in Malibu
is the transaction to purchase the property
belonging to the wife of the former Los
Angeles mayor estimated by specialists for $68 million
US dollars.
The
apartments in condominiums in Malibu
are also the interesting option for investments. With the rather less cost, the
apartments can easily compete with villas in regards of economic benefit from
purchase. As a rule, the apartments bring good collateral income– a rent and on
the whole, the less cost for rent gives incredible rise to the short-term
tenants for real estate objects of this type. The cost of the property object
in the multi-storeyed condominium is around $600-900 thousand US dollars, in
relation to the square meters of apartments.
The investor
who is stable to invest his assets into Malibu
real estate should thoroughly consider the procedure of the real estate
purchase, and the scheme of further management. The specialists advise that the
services of specialized management companies can be appropriate who can render
a package of services to control and maintain the immovable property, along
with services to select lessees and maintain the real estate in the primary
consumer status.
Malibu is interesting option to attract
investments. Profitability, not higher but worthy is repaid with stability and
confidence in what happens tomorrow.
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