Why Beverly Hills real estate is a great investment
If you’re looking for a sound, rewarding, and lasting investment, property in Beverly Hills is a fantastic option. The city attracts investors from all over the world, and for good reason; with its luxurious lifestyle, beautiful landscape, and prime location, Beverly Hills is one of the most desirable places to own property. Here are 6 reasons why Beverly Hills real estate is an excellent investment:
Beverly Hills is a world-famous destination
Beverly Hills is one of the most popular tourist destinations in the world for a variety of reasons.
First and foremost, Beverly Hills has long been associated with luxury, glamour, and wealth. Its famous Rodeo Drive is lined with high-end boutiques and restaurants, while its streets are lined with opulent mansions belonging to some of the richest people in the world.
Secondly, it’s just next door to the illustrious Hollywood, the global center for movie and television production. Some of the prominent celebrities living in Beverly hills include James Franco, Mila Kunis, Ashton Kutcher, Rihanna, and Taylor Swift.
To top it all off, Beverly Hills is known for great weather nearly year-round, which makes it a perfect destination for those looking to escape the cold winters of the north or the heat of the south.
The city has a strong economy
Tourism is such a big part of the Beverly Hills economy that you could almost call it a single-industry town. Retail businesses, however, also account for a significant portion of the city’s economy. The Rodeo Drive shopping district is one of the most exclusive in the world, and many other high-end retailers have set up shops elsewhere around the city too. A number of businesses in the city cater to the particular needs of its wealthy residents, like personal chefs, interior decorators, and luxury car dealerships. Just as everywhere else, the economy in Beverly Hills was impacted significantly by the COVID-19 pandemic, but despite this, the city has rebounded and remains strong and bustling with activity.
Home to some of the most exclusive real estate in the world
From gigantic estates nestled in the hills to palatial mansions overlooking Rodeo Drive, if you’re looking for opulence, this is certainly the place to find it.
But what makes Beverly Hills real estate so special? In a word, exclusivity. There are only a limited number of properties available in this highly sought-after location, which drives up prices and demand.
Properties here also tend to be on large tracts of land, providing plenty of privacy and space –something else that’s highly prized by Hollywood celebrities and other well-to-do residents.
Another big factor that makes Beverly Hills real estate so special is its location. Beverly Hills is situated just minutes from downtown Los Angeles, yet it feels like a world away. It’s an oasis of luxury and privilege in a sea of urban sprawl.
All of these things work together to ensure that property values in the Hills will stay high for years to come, making real estate a strong investment.
A great place for family
Beverly Hills is an amazing place to live, work, and raise a family. If you’re looking for a safe, private, yet welcoming community with great schools and plenty of activities to keep a family busy, Beverly Hills is the perfect place for you.
The Beverly Hills Unified School District (BHUSD) schools are well-funded with everything students need to succeed, including available extracurricular activities and clubs, so students can get involved in their passions outside of the classroom. Beverly Hills also has access to countless jobs, whether within the city itself or beyond in the greater Los Angeles area.
Additionally, the crime rate is relatively lower in most areas of the city compared to Los Angeles. Overall, it’s a great place for families who want their children to receive a top-quality education in a safe and high-end environment.
The climate in Beverly Hills is ideal year-round
The Mediterranean climate in Beverly Hills is perfect for those who want to enjoy warm weather all year round. The city enjoys plenty of sunshine and mild temperatures, making it a desirable place to live, work, and invest. With nearly 280 days out of the year being sunny, locals can enjoy outdoor activities like hiking, biking, beach-going, and much more almost any time.
These are just a few of the reasons why Beverly Hills real estate is a fantastic investment for your family or your portfolio. The city’s high demand, limited supply, and consistent growth in property values all make it a wise place to put your money.
If you’re convinced, whether you’re looking to buy or sell a property in Beverly Hills, you’re in the right place here at Loom Homes. Browse through the listings on our Buy and Rent pages, and list your property with us if you’re ready to sell. Don’t wait – let’s get started on achieving your dreams today.