Title

Market for Rentals is Strong

Source

Mainebiz

Date

7-22-2019

Pages

14-18

Abstract

Focus piece on how investors are rushing to buy multi-family homes. The multi-residential rental market is strong, in part because of an overall housing shortage, high rental costs in Portland, and availability of stock elsewhere. The article examines who the buyers are and who the typical sellers are, and provides a sampling of multi-family transactions, with list prices. The piece also looks at the costs of renovations and the risks to existing tenants, who are often displaced as rents are raised.

Subjects

Real estate investment -- Maine, Housing

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