Pyramis Identifies The Increase In The Number Of Investment Properties in Texas

Texas property management company identifies a significant increase in the number of investment properties being purchased during the month of June in comparison to the same period of 2017.


San Antonio TX – Pyramis Company, a leading property management company based in San Antonio Texas has identified that there has been a recent surge in the number of properties people are buying for investment purposes. With the property market booming, and interest rates still at an all-time low, many investors are taking the opportunity of purchasing residential properties as an investment opportunity, rather than more traditional alternatives such as the stock market.


As reported by the San Antonio Board of Realtors, the number of properties sold during June stood at 3,323 properties, which represented an increase of 3 percent year on year. Property prices, on the other hand, showed an increase of 6 percent with the average sales price being $323,124. The average property stays on the market for 51 days before it is sold, and demand continues to rise.


“Many Investors have decided that property is a much more stable investment than the stock market, which has increased demand for high-quality properties, that can quickly and easily be rented out,” said Adam Acord. “With interest rates expected to rise in the future investors are taking advantage of the low rates and locking in the rate, effectively controlling their expenditure moving forward. As a property management company, we are experiencing a dramatic increase in demand for our services, and we don’t see any evidence that this will slow down in the short to medium term. The good news is that we also have a large number of people who are looking to find a rental property to live in, and we have many years of experience and expertise in matching the right person to the right property.”


Pyramis Company is a locally owned and operated property management company, based in San Antonio Texas. The company has been in business for over thirty years and has a wealth of knowledge and experience in the industry. They manage single family units as well as small commercial office buildings in the San Antonio and Bexar County area. The company pays a lot of attention to delivering the ultimate customer experience and is committed to exceeding the expectations of their clients on a daily basis. For more information about the company and the services they provide visit their website at https://pyramiscompany.com


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