One of the most recent articles from Metro Boston discusses the future prospects for Boston real estate going forth into 2012. The localities that are brought up as ones to keep a keen eye on are South Boston, or Southie, the Back Bay, and Kendall Square. All of these neighborhoods are showing how despite the recent economic recession and the challenging real estate markets nationwide today, Boston is fairing well.
Our own agent, Nick Hanneman, was actually quoted in this article about the positivity leading into this year! Nick provided very credible details of the place he calls home, West Second in South Boston. We have been talking about it for years, but theyre finally getting it right. Before, it was all cheap flips of triple-deckers. Now [theres] new construction with good design. Despite the recent worries about South Boston where in recent years construction was rather slow, Hanneman is optimistic due to the accelerated real estate transaction activity seen his neighborhood. It was a real eyesore. Over the past year, almost every empty lot and abandoned building has been either torn down or renovated. Its tons of obnoxious construction, but property values are rising.
No matter where your home search begins and ends in Boston, you are bound to find that our neighborhoods have held on after the recession better than most cities nationwide. The charm, history and array of architectural brilliance that lines our streets allows for anyone from any culture or demographic to find the place that is both right for their taste and their wallet!
More Information: Metro.us