New builds in San Francisco
City on the map
San Francisco is a city in the United States, located on the San Francisco Peninsula in the Pacific Ocean. The city also includes a number of islands.
Why is it profitable to buy an apartment in a new build of San Francisco?
This is one of the megalopolises of the United States. The important sectors of the economy are banking, high technology, and the service sector. Modern San Francisco is one of the ten largest financial centers in the world.
The famous Silicon Valley is located to the south of the city. It has a positive impact on the city's economy: the pharmaceutical industry, medical electronics companies, research in the field of genetic engineering, biotechnology.
Tourism is the backbone of the city's economy. San Francisco stands out among other cities in the country for the number of visits by foreign guests.
The international airport is located south of the city. Public transport is believed to function better in San Francisco than in other West Coast cities. These are buses, trolleybuses, surface and underground high-speed trams. The old cable trams are still in operation, delighting tourists. Trains connect San Francisco with the southern suburbs.
The climate is influenced by cool ocean currents, so it is warm: dry summers and mild winters.
Over the past three decades, according to experts, prices for San Francisco real estate in new builds have been growing. The implementation of the development project takes five years, then the investor leaves the project, receiving up to 20%. This is a good return. Residential complexes in San Francisco are therefore gaining more and more attention from investors.
At the moment, there are few luxury real estate in San Francisco, it seems strange, because the richest people live in the city. Experts explain that investments began to flow here only two decades ago, that is, the city is young in this sense, while the creation of elite housing is a joint project of a developer and an investor that requires maturing and deep study. There is a demand for residential complexes in new builds for sale with apartments of class from economy, comfort to elite; there are not enough proposals for elite real estate. Selling apartments from developers is almost always a turnkey proposal. The proper quality is confirmed by customer reviews. New builds for sale in San Francisco from the developers are made using modern technologies.
Buying an apartment from a developer in San Francisco is expensive. The minimum price per square meter of area in a new home, sold out on a turnkey basis (in accordance with the information of the GEOLN.COM search engine) is 7,700$. But even in this case, the area of housing offered for sale in a new home for sale is likely to be large, and the apartment as a whole will still be expensive.
Apartments in San Francisco from the developers for foreign citizens
There are no special conditions restricting the purchase of apartments by foreigners in the United States. Only corporations, when selling their cooperative housing, prefer to see the primary owners of housing-shareholders as buyers and often do not welcome foreign ownership. But only if the assets and the main source of income of the buyers are not located in the United States.
Highlights of the city
- Golden Gate Bridge and Park;
- Alcatraz;
- cable car;
- Union Square;
- Ghirardelli Square;
- Lombard Street;
- a group of Victorian houses;
- fishing pier;
- pier 39 (sea lion rookery) ;
- the Castro quarter;
- Grace Cathedral;
- Palace of Fine Arts;
- Palace of the Legion of Honor;
- museums: cable car; contemporary art, Asian art, Walt Disney;
- Marine Historical Park;
- City Hall;
- Coit Tower;
- Japanese tea garden;
- San Francisco beaches
and much, much more.
Purchasing an apartment in a new development of San Francisco is an ideal investment project for a wealthy investor, an investment with a high return, as well as living in a city of almost unlimited possibilities.
Prices for new builds near metro stations in San Francisco
Metro | Price from |
---|---|
2nd & King | 10,400$ / m2 |
4th & King | 10,400$ / m2 |
Embarcadero | 10,400$ / m2 |
Montgomery Street | 10,400$ / m2 |
Powell | 10,400$ / m2 |