At the same time, people who buy real estate in Los Angeles differ from those who choose Southern California: San Francisco attracts entrepreneurs in the tech industry and investors, and Los Angeles is famous for Hollywood and other creative industries.
Of all the territory of California, its southern part, including Los Angeles, is the most popular among foreign buyers. The southern part of the state accounts for about 15% of all transactions.
In general, real estate in Los Angeles and Southern California is most often purchased based on its key parameters: ideal weather conditions – 300 sunny days a year, investment in a reliable market. Of course, crises happen everywhere, but in Los Angeles itself, even during the 2008 crisis, prices did not fall, but simply froze for 2 years, after which they continued their steady growth. Also, buyers often buy housing in California, guided by local opportunities for children and teenagers, since the state has a wide selection of private schools and universities.
