Real Estate review and performance

Hurricane Harvey caused devastation in Houston but none of our client’s properties was hit by flooding. This was not due to chance but to our well-planned strategy. Harvey turned out to be extremely powerful but an investor should always do his/her homework and it is well-known that Texas is often the theatre of that kind of extreme weather. As a real estate investor, it is an absolute necessity to take into account all types of risks and protect your interests as much as possible notably by selecting areas less prone to flooding. Despite Harvey, Houston’s average sales price of single-family homes for the year 2017 was, up 2.9% from a year ago, and the median price was up 3.8%. Since we first started advising our clients to invest in Houston real estate market, prices have increased by more than 50%!