Latin America, September 2022 – Philadelphia is a city recognized for its historical sites related to the founding of the United States and is ranked number 25 in the ranking of the 50 best cities that provide green spaces for its citizens.
During 2021, a total of 111,027 properties were sold in the city, which represents a year-on-year increase of 20.5%. Throughout the first quarter of 2022, it has received USD 1.5 billion in initial investments. Compared to $874 million in the previous quarter, that’s the largest increase in venture capital funding of any other major metropolitan region in the United States. Now, what makes this city so attractive for investors?
Located in Pennsylvania, it is the sixth largest in the United States and stands out for being one of the largest economic centers in the world. “If Philadelphia were a country, it would be the 27th largest economy in the world.. With a GDP of 430 billion dollars in the metropolitan area, it surpasses large economies such as Austria, Norway or Israel, and is similar to others such as Belgium or Thailand”, says Sofía Gancedo, co-founder and COO of Bricksave.
“The world is experiencing a very particular moment, of great uncertainty, with inflation as a challenge for almost all currencies. In this context, Real Estate continues to be a reliable alternative that accompanies and even exceeds inflationary rates. The investment platform Bricksave offers anyone the possibility to invest and diversify their capital from just $1,000, with annual returns in dollars and in the most developed economies.. Today more than ever that is a haven of value,” she adds.
After achieving successful investments in Detroit and Chicago and surpassing 180 financed properties, Bricksave is also committed to growing in Philadelphia, a market with high potential for all types of investors.
The arrival in this ancient and iconic American city, says Sofía Gancedo, is a consequence of Bricksave’s sustained growth plan. “Our company was founded in 2016 and we have recently completed the first investment cycles. This means that after 5 years we sold the first properties that were for rent and delivered the corresponding returns to our investors. This allows us to take a firm step in new cities and once again confirm the solidity of our business model”.
With 1.6 million inhabitants, “Philly” is the second largest city on the East Coast, after New York. Its privileged geographical location attracts many tourists and residents, as it is only 1.5 hours by car from New York and 2 hours by train from Washington DC.
In addition, the local population enjoys a high quality of life: while per capita income is 23% higher than the national average, home prices are 6% lower than the median and up to 40% lower than other major cities like New York or Washington. “The real estate gap between neighboring cities is wide. This positions Philadelphia as a very attractive city to invest in,” explains Gancedo.
“The first Philadelphia properties are now available on our platform, both for the investment in crowdfunding and for the acquisition of the properties in their entirety. We have great expectations for this new step that we have been planning for a long time. We are proud to offer more and better diversified investment options with good returns”, concludes Sofía.
For more information visit bricksave.com/en
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