According to a new Price Waterhouse Coopers report, the city of Denver is one of the country’s top 20 real-estate markets to watch. Scott Webber, president of Fuller Sotheby’s International Realty, told 9NEWS that City Park, downtown Denver and Castle Pines Village are “growing areas.”
The Price Waterhouse Cooper report listed Denver 14th on the list of “U.S. Markets to Watch: Overall Real Estate Prospects.”
The Denver Business Journal has listed some of the report’s findings:
• Denver ranks eighth among promising investment markets, moving up three spots from the 2012 report, due to “strong growth potential. … An attraction is the city’s central location in the country’s southern and western regions, as well as Denver’s ever-expanding international airport.”
• The city ranks 14th in development prospects.
• Denver ranks 15th in homebuilding.
“Real estate continues to be an attractive asset class because of the low interest rates, because there’s still better returns than bonds and it’s not as volatile as the stock market,” says Price Waterhouse Cooper’s Wendy McCray, partner in the assurance practice for the Denver PwC office.
To read more about the report visit the Denver Business Journal.