Owners of multifamily properties are set for a record breaking 2022.
Higher prices of single owned homes and lower numbers of properties available mean that many are turning to rental. Due to the fact that multifamily properties values are usually grounded upon net operating income (NOI) the value of the ‘assets’ will rise naturally.
Buyers who purchase properties at the start of the year will be able to take advantage of the NOI and those who already own multifamily properties will see lower vacancies in their homes.
Will you be investing in a multifamily property this year?