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Investing in the Lowcountry - Real Estate In and Around Charleston
 The Charleston metropolitan area, which stretches from central to southern South Carolina and reaches some 50 miles inland, continues to grow and flourish. According to projections by Clemson University's Strom Thurmond Institute of Government and Public Affairs, this metropolitan population is expected to exceed 800,000 by the year 2030. With all these community assets, investors are expected to continue pouring dollars into the region.
One reason investors are expected to continue buying property in the Charleston area is because of its long-term stability. For nearly two decades, Charleston has sustained a pattern of continued growth in the housing market, even during periods when national housing economic indicators were slipping downward. Despite some economic uncertainty across the U.S., investors remain confident that Charleston's housing market will remain stable. Charleston area real estate investments have proven to be highly secure and seasoned investors are also taking advantage of the U.S. government's 1031 Tax Deferred Exchange laws. (Regarding the recognition of capital gains or losses.)
Another factor that makes the Charleston area a great place to invest in real estate is the tremendous rate of appreciation. Higher end properties such as those found on the resort islands of Kiawah, Seabrook and Isle of Palms have been particularly good investments. In fact, historic market indicators show that investing in this type of property often yields a rate of return of 50 percent or more in five years or less.
Other popular neighborhoods in the Lowcountry are: Mount Pleasant, Folly Beach, James Island, Johns Island, North Charleston, Sullivans Island, West Ashley, Wadmalaw Island and of course downtown, historic Charleston.
 For those looking for something other than resort property, the area offers a multitude of other investment options. For example, the lifestyle found in downtown Charleston appeals to many investors. With its incredible esthetic characteristics, downtown Charleston is in a league with communities that might be seen in Paris or New York, yet it still maintains its small town appeal, making it an attractive place to own a second home.
Those looking to invest in property with a small town atmosphere should look to outlying communities like Mount Pleasant, located just across the Cooper River from downtown Charleston; and Summerville, located just twenty minutes north of Charleston off Interstate 26. In fact, real estate sales were among the hottest in these two areas during the last five years. Construction of new homes in the Mount Pleasant and the Goose Creek areas also continue, without a slowdown anywhere in sight.
 As Charleston's outlying resort communities have made the transition to full-time residential communities by building more schools, parks, shopping, restaurants, medical facilities, and other conveniences, buyers who initially considered the area as their second home are opting to live here year-round. Even retirees who typically moved to Florida are choosing the Charleston area, preferring its more moderate climate and its proximity to their families living in the Northeast.
Anyone interested in buying property in the Charleston Lowcountry is encouraged to contact one of the many experienced and knowledgeable real estate professionals in the area. For more information, please visit the Charleston Trident Association of Realtors' website at www.charlestonrealtors.com.
Visit our guide to real estate resources including the Lowcountry's best architects, developers and interior design.
Enjoy Southern Cooking, Lowcountry Style. Virginia's On King is open for breakfast, afternoon dinner, evening supper and for Saturday and Sunday brunch. Distinctly Charleston fare - authentic Lowcountry cooking in a lovely, warm and sophisticated setting. Virgini's On King specializes in a collection of family recipes and Southern cooking traditions. Feel-good food in generous portions at affordable prices. Feeding a small group? Order family-style carry out 48 hours in advance.
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The Corrigan Gallery on Meeting & Queen streets offers art for the soul, art that also makes for strong investments for serious collectors. Exhibits include both representational and abstract art in photography, paintings and fine art prints. Find art that showcase the beauty of the lowcountry with a contemporary edge. New works on display on a regular basis. Contact the gallery about special events. Don't miss this collection of charmingly contemporary art for all budgets. |
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Where to stay in the Charleston area? Conveniently browse the website for a wide range of exclusive vacation beach homes available on Isle of Palms and Sullivan's Island. Beautiful homes complete with luxurious amenities and prime locations. East Islands Rentals provide a high level of customer service, helping guests find just the right property for their needs. Locally owned and operated. Tel: 866 886 0760 |
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