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What makes these markets so attractive?
Home » Real Estate » Vacation Homes » What makes these markets so attractive?EscapeHomes.com's research showed that homes in these markets are much more affordable than homes in the nearby metropolitan cities. These areas have also boasted steady appreciation and/or a boost in price growth. In these areas, second home owners had an average increase of 27 percent in home prices from 1999 to 2001. As a result, people who used to invest in the stock market are now investing their money in second homes. They want to have more control over their investments. And besides the great investment benefits, they also have a great place to vacation!
Location is another factor. As stated earlier, these markets are situated only a few hours by car (an hour or so by plane) from large cities. Since they are well outside big city limits, these areas are relatively quiet and private, and they offer a wealth of outdoor activities such as camping, golf, boating, hiking, fishing, snow sports, and equestrian activities. They also offer local fairs, seasonal festivals, and community events, along with mild weather in most areas.
Since these emerging markets are smaller areas, they are not congested with traffic, a daily stress for many people. People searching for a personal retreat are finding that areas such as these are a comfort, far away from their regular stressful lives.
Sources:
www.en.wikipedia.org
www.realtytimes.com
www.escapehomes.com
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