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Real Estate Investment in Eastern Pennsylvania
Property values in Eastern Pennsylvania have increased 25% in the past year.
This trend will continue for a number of obvious reasons:
- Having a commutable distance to N.Y. and N.J.
- More house for the dollar
- Lower tax rates
Presently, at least 4 major resort developers have invested in this area; hotels, water parks and casinos.
New federal law mandates that financial institutions in Manhattan must have “back-up” offices at least 50 miles outside of N.Y.C. on a separate power grid and water supply. As a result one new office park is already breaking ground bringing 1500 new high paying jobs. - There are 172 firms in Manhattan that need to comply. Eastern Pennsylvania may become the “Rural Wall Street” of the east coast.
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The time to invest is now!
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