New Hampshire Real Estate

New Hampshire Real Estate

New Hampshire State, located in the North eastern part of the United States, ranks 46th in terms of population, but is 20th in density, and also boasts of having among the highest per capita income in the United States. It is one of the states which lacks a broad based tax system; it does not have any general sales tax, no income tax (although the state taxes income from interest and dividends at 5 percent), but has among the highest property taxes in the country. Probably due to this very reason, people investing in New Hampshire Real Estate have remained conservative in their approach, and have not been lured into speculative investments with very few households severely affected by the housing sub prime crisis.

New Hampshire also has among the highest forest cover in the country, and is quite attractive for investors in housing who are keen to live amidst natural surroundings. There are plenty of scenic houses along lakes and forests.

The example of one real estate developer, Romeo LaCasse, who is building homes for retirees in New Hampshire, is a case in point. He deliberately avoided risky borrowing, and invested his own money on the project. And though homes are selling slowly in the region in trend with the rest of the United States, there is no panic selling in New Hampshire real estate. The bankers in the region have also followed conservative and traditional banking and mortgage practices, which, though not attractive, was responsible for financial stability in the housing and real estate market in the region. This has also ensured that there is no panic selling, and prices of New Hampshire have remained steady, with not more than a 10 percent fall.