New builds in Austin
City on the map
Austin is the capital of the state of Texas, USA, is located in its center on the Colorado River.
Why is it profitable to buy an apartment in a new build for sale of Austin?
Austin is recognized as one of the best cities in the United States for life, since the city's infrastructure is developed and balanced, its size is optimal for comfortable living (the number of inhabitants is less than a million), real estate prices are relatively low, and prices for food are moderate. But what is most important - excellent chances for starting a business in many of the largest companies, even at a young age. Three decades ago, the city authorities created very beneficial conditions for attracting high-tech companies in the field of microelectronics and programming to the region, and they already got the results. Analytical expert organization Milken Institute ranked it 12th in the list of leaders in biotechnology and bioscience in the United States. Austin is a youthful city with an average age of the population - 35 years old.
"Keep the city extraordinary" is Austin's motto, which attracts many tourists here. After all, this is one of the greenest cities in Texas, in the vicinity of which the Formula 1 stages take place. But the main thing is the amazing, unforgettable atmosphere, preserved by the authorities as carefully as by the townspeople.
Austin is especially renowned for its musicality. It is spoken of as the world capital of live sound (there are about three hundred clubs where musicians play and sing live).
The city is quite densely built up, new skyscrapers have been erected in the center and it looks very modern.
The climate is humid subtropical, characterized by hot, prolonged summers with humid winds, and short winters.
The University of Texas at Austin is the main one in the educational system of the state. There are other universities: institutes, business schools, a conservatory.
Public transport is primarily buses. There is a railway line connecting the center with the suburbs in the north, along the route of a long-distance passenger train from Chicago to Los Angeles. Austin became the first city in the Western Hemisphere to offer a short-term car rental program and is one of the most comfortable for cycling. The League of American Cyclists has awarded the city a silver rating.
Housing prices, which have been stable for a while, have recently begun to rise again as supply does not keep pace with demand for Austin new-build properties. According to expert opinion, the city will remain the most popular housing market in the country. It is cheaper to buy an apartment from a developer in Austin than in Silicon Valley, and the opportunities for startups are quite comparable.
Residential complexes in Austin are being built in compliance with modern technologies. The builders of the residential complexes have significant experience and positive reviews about the quality. The sale of apartments from developers is carried out on a turnkey basis. New developments in Austin from the developers are a variety of housing: from economy class to luxury.
The minimum price per square meter of area in a new home completed in turnkey condition (according to the information of the GEOLN.COM search engine) is 1,540$.
Features of purchasing an apartment in Austin from a developer by foreigners
The United States is open to investment, including in real estate. There are no special conditions limiting the purchase of an apartment in a new home for sale by foreigners. Only corporations choose to sell their co-op housing to shareholder buyers and often discourage foreign ownership unless the foreigners' primary source of income is located in the United States.
Highlights of Austin
- Texas State Capitol;
- Congress Avenue bridge;
- presidential library;
- outdoor swimming pool;
- Museum of Texas History of Bob Bullock;
- the center of the wildflowers;
- the route of the Americas;
- Park Zilker-Metropolitan;
- Botanical Garden;
- city lake;
- Graffiti Park in Castle Hills;
- Blanton Museum of Art and more.
Purchasing an apartment in a new development of Austin is the perfect investment plan to generate rental income, live and work in a promising youthful city.