Real estate is one of the smartest investments that you could possibly make, and this is true for a variety of different reasons. For one thing, real estate values are quite stable, and these days people are saying that real estate values are probably only going to go up. However, if you are buying real estate you need to make sure that you buy the right kind of real estate. You may assume that the right kind of real estate is a house or something similar, but the fact of the matter is that a house is pretty much only as valuable as the land it is built on. This can be slightly dangerous because of the fact that land value can plummet, and this has sometimes happened for no apparent reason. Hence, buying a house is not exactly the safest investment that you could possibly make.
If you truly want your investment to be as profitable as possible, you will have to look into downtown new condos. These condos are highly valuable not because of the land they are built on but because of the fact that they provide such high levels of luxury. Luxury is something that people are always going to want to buy, so it is more or less fair to say that the value of luxury is probably not going to go down anytime soon.
That being said, you can’t just go out and buy the first condo that you see. You are going to have to be smarter about it, you are going to have to look into a condo that would be the best fit possible. This is particularly true if you are thinking of living in the condo you end up buying.