The growing population of New Jersey means that the state, especially areas like Albany and New Brunswick, have to also grow at a rapid rate to keep up with the influx of people. While real estate companies have been trying hard to ensure that there is adequate housing in the state, there are still a large number of homes being foreclosed. However, with the higher rates of employment, this predicament is expected to give way to a positive trend, which will ensure that the gap between housing supply and demand is met.
However, although this situation may seem dire, there are still a large number of vacant houses in the New Jersey area, which are being held onto by homeowners who are waiting for an appreciation of the rates. Economists predict that the lower housing prices and the expectation of high-interest rates will lead to an increase in the number of houses being put back on the market. Additionally, real estate companies like Boarie development, are putting up new structures in different towns, capitalizing on the facts that most of these locations are in proximity to the New Jersey transit station.
This real estate company is working to develop classy and quality residential units in the downtown area of New Brunswick, which will offer sufficient housing for the growing population of professionals working in the area.
About Boraie Development LLC
According to Philly Purge, Boraie development is a real estate firm, which has been active in the New Jersey community for over twenty years. The company was set up by Mr. Omar Boraie, who was a traveling scholar of chemistry from Egypt. He played a significant role in converting a dilapidated, New Brunswick to a classy area, by putting up many well-constructed and sophisticated looking structures, the first of which were Albany Street Plaza Tower for commercial purposes and Spring Street, which was a residential condominium. Check out Bloomberg to see more.
Boraie development currently handles different aspects of the real estate market. They deal with building development, property management, as well as sales and marketing. The company has a team of dedicated and professional employees, led by their company president Omar Boraie, and vice president Waseem Boraie, who are dedicated to providing top of the line services for their clients. This article was originally published through Philly Purge.