Property for sale in Utah
Utah is an American state characterized by vast desert expanses and the Wasatch mountains. Salt Lake City is the capital and it is located around the Temple Square, home of the Mormon Church and it takes its name from the Great Salt Lake in the north-west of the city.
Utah borders Colorado, in the northeast with Wyoming, in the north with Idaho, in the south with Arizona, and in the west with Nevada. To the south-east also with New Mexico. The Salt Lake County real estate market benefited from another year of strong demographic and economic growth and very favourable mortgage rates. For the 6th consecutive year, the average mortgage rate was less than 4%.
The average selling price of a property for sale in Utah, specifically in Salt Lake County, increased by 10% in 2017, marking the 6th consecutive year of price increases.
Without a doubt, Salt Lake City has ranked itself as the metropolitan area at the moment among the best real estate markets in 2018, so one of the best place where looking for property for sale in Utah.
Although it may be the cheapest state to live in, the cost of living in Utah is better than the national average.
For this reason it is not surprising that the cost of living is more interesting for Silicon Valley technicians trying to undertake California's higher costs.
Another reason why people choose to live for sale in Utah is its ranking as one of the safest states in the nation, in fact it ranked 9th.
Statistics show that Salt Lake City is a city with the fastest growing rents in the nation.
In choosing between paying a higher or lower rent, many Utahans decide for the property for sale in Utah.
Reasons that attract many people to move here are: the business opportunities, job growth and cost of living statistics are the most interesting features but also the beauty of the state.
According to new research by the University of Utah, Utah's booming property market is exceeding workers' wages, threatening the state of a housing crisis at affordable prices.
Since 2010, Utah has been the most popular and fastest growing nation in the US and for this reason there is an increase demand for property for sale in Utah. Also, the most accessible interest rates for those receiving an income, it is more difficult to buy property for sale in Utah.