Real estate is one of the most difficult areas of the economy to predict. There are a variety of different variables that can affect the prices of real estate property in any particular area. At the end of the day, there are always going to be areas of the country that are increasing and decreasing. Houston is one of the fastest growing areas of real estate in the United States. There are many reasons for this growth, some of which are internal and some are external. Many people believe that one of the biggest reasons for the price growth is the population increase in the state of Texas. Texas is one of the only states that does not have an income tax, and this makes many people willing to move to Texas in search of more work or less overall taxes.
Haidar Barbouti is one of the most well known real estate investors area. The Highland Village Shopping Center was a dream of his from the beginning. It is one of the largest commercial buildings in the state of Texas and brings a ton of residual income in to the Houston area every year. There are many people that think that this building is one of the reasons that the Houston real estate market has grown so quickly. There are many people that want to go shopping in the area and the building provides an avenue for that.
Overall, real estate is a volatile market with a lot of variables that affect its price. At the end of the day, no one can predict exactly how much real estate prices will continue to appreciate in the Houston area. They have had a great run and Haidar Barbouti is one of the reasons for that.