Before 2008, the demand for houses was at an all-time high. People were buying houses very quickly, and nothing seemed like it would go wrong. However, everything changed when the housing crisis hit, and thousands of people ended up losing their homes. Things never managed to stay the same after that. It has now been 12 years since the market crashed, and it still has not been able to fully recover yet.
After the crisis, people began to avoid buying houses because of how risky they were considered. Plus, the price of housing went up even higher and is still pretty high today. So, while a house in the suburb was considered to be the ultimate goal for decades, it ultimately lost its bragging rights. The number of people investing in real estate has gone down in general, but the number of people opting for permanent property ownership via houses has gone down exponentially. Well, people have stopped opting for permanent property ownership in general, as is evident according to recent real estate trends and statistics.
This is not something we would recommend though. Opting for permanent property ownership is a smart investment that ever adult should aim for once they have become financially stable. Permanent property ownership allows you to have a safety net that you can fall back on, and it can even become a means to be able to earn more in case you either rent that property or sell it for a bigger profit in the future. So, permanent property ownership should be considered a necessity. The problem here is that a lot of people end up thinking that the only way to invest in permanent property ownership is by buying a house, and that is not the case. There are other ways to opt for permanent property ownership, one of them is buying a condo. If you want to explore other options, you can consult with the experts at property central for more information.
After the demand for houses went down, the demand for condos slowly began to increase. That demand is only projected to grow, hence the growing number of condominium projects being launched every year. It is safe to say that condos have managed to remove the power that houses once held, and are now just as revered; some might even say that they have become the new house in the suburb for adults today. Condos are a great option for most adults today because it is considered to be the perfect marriage between an apartment and a house, bringing you the best of both worlds, much to your real estate agent’s delight.
A condo is great because it allows you to be able to invest in permanent property ownership. So, once you have made all of the payments for your condo, the condo is then forever yours. This means that you will get a tangible property under your name, and nothing will be able to take that away from you at the end of the day.
Condos are located either around or in the city as well. This means that you do not have to move far away from the city. Everything ranging from your work to stores, restaurants, coffee shops and everything that you need will be near you. This means that you do not have to buy a car to commute because you can either use public transport or walk or bike to wherever you need to go. So, that means less time commuting, and less money being spent in the process as well.
Condos, like apartments, consist of multiple units within the same building, where each unit belongs to each owner. However, condos are bigger than apartments so that means that there are not as many units each floor, allowing you to still have more privacy. Like we just mentioned before, condos are more spacious than apartments, so you can live pretty comfortably in a condo. You can even raise a small family in one with ease as well.
Condos also happen to offer different amenities to its residents as well. These amenities can vary in number and variety depending on your condominium. However, there are usually one or more of the following amenities in most condominiums:

• A share fitness center or a pool for the entire building
• A concierge
• Security
• Free, separate parking
• A shared laundromat etc.

This means that the residents can live pretty comfortably, and make use of the facilities that are being offered to them.
Condos have a lot of things to offer to its residents, and if you happen to be interested in learning more about condos, and whether or not you might like to live in one, you can contact a real estate agent and have them schedule a tour for you for different condominiums, allowing you to get a chance to see the condos, and then decide whether or not you would want to live in one yourself.