Galveston Expected to Pay Off for Investors with Foresight

Houston Chronicle, June 23, 2006, by Jennifer Patrick

Real estate is an attractive investment opportunity and the return on property in Galveston seems to be on the rise....People should see better than the national average of 7 to 12 percent returns with Galveston Property, predicting it will double in value during the next five years. A quarter of the baby boomers invest in property other than their primary residence. For those in Houston, Galveston is a natural place to look for investment property as it's 50 miles away. Yes Houstonians aren't the only ones taking advantage of the opportunity. Buyer's are coming from all over the nation. Those who might have once looked in California, Florida or South Padre for property, are paying attention to Galveston because the prices are more reasonable. The current opportunity in Galveston is (similar) to what Myrtle Beach experienced 25 years ago. We'll be kicking ourselves in five years if we sell our Galveston property now, or don't invest in a property soon."