Real estate in Tulsa Oklahoma is one of the best kept secrets in the world. Tulsa stands out when it comes to good real estate investments and continues to prove itself as one of the best locations to own an affordable home and live a very high quality of life. What can this emerging market do for you?
Emerging markets offer homebuyers many advantages:
- Real estate in emerging markets tends to be cheap compared to other markets.
- The equity crowdfunding real estate growth potential is huge. Therefore, the sales potential is also great.
- Emerging markets are often wonderful places to live as they offer economic opportunities combined with a peaceful living environment.
Tulsa is an emerging market that is clearly becoming an established market.
Economic growth of Oklahoma
Tulsa is adding jobs to its already robust economy. For 2010, Tulsa expects to repeat its great performance from last year, which saw 1.6% job growth. This created a total of 6,300 jobs in the greater Tulsa area!
Tulsa also recently approved a plan called Vision 2025. Vision 2025 is a funding package to improve and strengthen the Tulsa area. Vision 2025 floor plans are expected to create tens of thousands of jobs, encourage small business growth, drive new education programs and attract investment.
Economic growth will continue to attract investors to the lucrative real estate market. You can easily beat current interest rates and real estate prices in Tulsa. A careful analysis of Tulsa’s economic landscape shows that this is one of the best times to buy a home in Tulsa.
Quality of life in Tulsa
Although prestigious publications such as Money Magazine and Forbes have consistently ranked Tulsa as one of the best places to live and work, let’s take a closer look at some of Tulsa’s offerings:
1. A combination of town and country
Tulsa is a diverse, bustling cityscape set amidst the beautiful, rolling hills of the Green Country. Beautiful forests line the banks of the Arkansas River, which flows through Tulsa. Most people also find the climate in Tulsa to be very pleasant.
2. Low cost of living
You will hardly find a cheaper big country city. Real estate, amenities, transportation, and other expenses are competitive. It costs very little to live in Tulsa!
3. Action-Packed Sports
The Tulsa Oilers ice hockey team and Tulsa Talons Arena football team use the massive new BOK Center as their home. The mighty NCAA Division I Tulsa Golden Hurricanes and Minor League Baseball Tulsa Drillers are powerful teams that are always battling for bowl games or championships.
4. Arts and Culture
The Philbrook Museum has one of the finest collections of Baroque art in the entire United States. The Tulsa Ballet’s annual Nutcracker production is a legendary pillar of Tulsa’s cultural scene. Other cultural treasures in Tulsa include the Tulsa Symphony Orchestra, the Expo Square Pavilion and many, MANY more.
Tulsa is an easy city to navigate and has very little traffic. Autobahns are known for being largely congestion-free. In addition, the Tulsa Transit bus station serves the entire metropolitan area.
There are a number of particularly beautiful homes in Tulsa’s midtown developments. Florence Park Homes, Indian Woods Homes, Maple Park Homes and Travis Heights Homes are some of the various beautiful housing developments. The real estate market in Tulsa, Oklahoma is ripe. It’s a good time to invest.
India, the new real estate investment destination
DLF buys land across Delhi and Noida, Reliance invests heavily in Mumbai Special Economic Zone. IT companies buy land in all IT hubs. NRIs have invested heavily in Bangalore, Pune, Delhi, Chandgigarh and Gurgaon.
Why is everyone talking about India when it comes to real estate? Other reason.
Real estate prices have risen worldwide in recent years to unprecedented levels. Increases of up to 50-100% in the US, Ireland, UK and Australia. Even Dubai now allows foreigners to invest in real estate there. India follows this trend. What works for India is the fact that the economy is booming and more and more people are moving to the job hubs. This creates a demand for living space that far exceeds the supply. In many places, IT people are willing to pay a premium for the purchase, which has further pushed up the price.
Foreign investment in real estate has grown rapidly over the past 12 months following the partial easing of India’s FDI regulations. Foreigners can now purchase commercial development projects (under construction) of more than 50,000 square meters or built-up housing developments with a minimum size of 10 hectares. Foreign investment vehicles were required to have a minimum capitalization of US$10 million (US$13.5 million) for a wholly owned subsidiary or less than US$5 million for joint ventures with Indian partners. The funds had to be brought in within six months of the company’s commencement of business activities. Foreign investors were not allowed to sell or trade vacant lots or vacant land.
India was short of 20 million housing units. Demand has been fueled by easier access to finance, rising incomes and a young population. Banks are now more than willing to shell out loans. Interest rates are the highest in the world at over 8%, some 40-60% higher than in the US. The young people working in IT companies and call centers are at the top of the list. That really fueled the boom.
Pune is the hottest real estate destination today. More and more IT companies are looking to India, the IT parks have sold out all available commercial real estate to companies. People are hired in droves every day. Properties are selling in the Hingewadi area for around Rs 1000 per square foot. The apartments cost between Rs 140 and 2000 per square foot.
On Dhole Patil Road there are apartments for around one million euros. They also have a swimming pool attached. Kondhwa is the other growing suburb.
The infrastructure in Pune is indeed a mess and with all the people coming it’s not going to get any better. Otherwise, everything including the climate is perfect.
Aamby Valley in Lonavala has properties for Rs 3-4 crore. This is an exclusive community with its own private airport!! Here you fundraisingscript have everything covered. This could be a future retirement center and is being touted as one of the 4-5 townships in the world in this category.
Innovative world-class residential complexes are being developed in India. The Indian consumer is finally getting a quality home to live in. The real estate boom in India should last as long as the economy grows by 8%, which could easily take another 20 years.