With real estate values at all time highs and recent indication that a slow down is under way, investors are now more cautious with their locations trying to pinpoint those locations that can still offer value. While many believe the real estate market is not dead yet and there are still opportunities out there, as with all investments, investors need to be selective.
Manhattan real estate is still booming and with limited supply most analysts believe prices can still go up. But many investors are cautious paying the current inflated prices for in-city properties. There are alternatives which allow investors to benefit from the proximity to the city but where prices are still moderate.
Areas like Monmouth County in New Jersey have witnessed tremendous growth in population and life style with the cost of living, following the Manhattan trend, on the rise as well. The county boasts a per capita income of $31,149 ranking 42nd among the highest income counties within the United States. Suburbs such as Monmouth County offer investors a second change to get in and benefit from the demand for high end apartments in proximity to the city.
