A real estate corridor between two major US cities is proving a particularly popular spot with singles, according to a recent survey.
Money magazine completed a study which showed the New Haven area, in a north eastern strip between New York and Boston, is growing in appeal to bachelors and bachelorettes.
More than 40 percent of the Conneticut region’s total population is now comprised of young singles, with new downtown developments and a cultural scene thought to be the cause.
Over 1,000 new housing units are planned for the area, making it a target for property investors keen to build American portfolios.
Singleton and businessman Chris Laconte said of the town: “With so many bars, restaurants, cultural activities and so many young professionals involved in everything, there’s no such thing as a boring moment in New Haven. I’m glad I chose to live and work here.”
According to online real estate service Zillow.com, New Haven property values show a stronger appreciation rate compared to the rest of the country, at 188 per cent in the last decade.
The region is also no stranger to the US foreclosed homes crisis. Agent Realty World Clayton has a three-home bank-owned Hartford apartment block for sale at just $99,000 (£53,000).
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