Economic growth can have several impacts on the multifamily property market. It can increase demand for apartments, as more people have the financial means to rent or buy. This can lead to higher occupancy rates and potentially higher rents, benefiting property owners and investors. However, it can also lead to increased competition among property owners for tenants, potentially leading to lower rents. Additionally, economic growth can lead to increased construction of new multifamily properties, which can increase supply and potentially lower rents. Finally, economic growth can make it more difficult for some people to afford to rent or buy, potentially leading to increased demand for affordable housing.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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