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June 2008

There are 1 blog entries for June 2008.

Center City condos thriving

If you're looking for property that hangs on to its value even when the real estate market twists and turns, a condominium in Center City may be what you seek. Two decades of sales downtown suggest that as a long-term investment, condos are remarkably bulletproof. "Center City real estate has appreciated an average of 15 percent a year since 1985, greater than the inflation rate," says Center City District executive director Paul Levy. "Condos aren't something that you own for just 15 minutes. They are long-term investments with a proven record of appreciation." That's consistent with the trend nationally, says Mark Zandi, chief economist for Moody's "Downtown condo markets across the country have held up better…
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