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The market for Allston condo sales has been steadily on the rise for some time. Because of the neighborhood’s positioning, rents continue to escalate unabated by the rest of the real estate market. Since demand for housing in Allston will never see a drop off thanks to its location between BU and Longwood Medical, the trend of both owner occupant as well as investment buyers gain momentum simultaneously.
If renting an apartment in Allston becomes to pricey, the savvy buyer can purchase a condo to keep their monthly costs down while building equity. The market is so hot that the standard “five year plan” no longer even matters when factoring in how long an individual would live in the unit.
At the same time, because the demand for housing does not diminish, investors are quick to purchase condos in some of Allston’s newer buildings. Cap rates are high and risk is low. Combine that with sensible financing rates and it makes for a competitive market. We are seeing many landlords expand their portfolio into the luxury market.
For more advice on purchasing a condo in Allston, contact a member of our sales team at info@allstonluxury.com. Click the links above to peruse possible options in the neighborhood.