The Charleston, South Carolina real estate market has remained strong in recent years, even as the housing market has struggled in other parts of the country. In fact, major publications are recognizing Charleston as one of the best places to live in the United States. One example is Forbes, which named Charleston as one of the “Top 25 Strongest Housing Markets in the United States” in 2009.
So why is the Charleston real estate market one of the hottest in the country? Here are three great reasons why people continue to move to Charleston:
Low property taxes: Property taxes in Charleston are among the lowest for major markets in the country, with the average resident paying around $1,000 annually in taxes.
A strong business sector: Charleston has invested in its business infrastructure and given plenty of tax breaks for companies looking to move or expand into the area. This is particularly true of technology companies, which have moved to the Charleston area in increasing numbers.
High quality of life: Along with being extremely affordable, living in Charleston is also fun. It’s one of the most scenic spots in the South, with an historic downtown area that is recognized as one of the best architectural spots in America.