Guaranteed Condo Rentals in Chicago- Spire

In Chicago, the NCO staff recently visited the sales center for the tallest residential building in the world being built called The Spire. I just read that to combat this real estate market, "Irish developer Garrett Kelleher is catering to investors by offering to rent out the high-priced units at a guaranteed 7.5% return for two years." This seems a bit unusual for other Chicago Condo projects. Typically this is seen in lower end buildings and not in luxury high rises but it may be a good lure to bring in buyers to the building. I am sure there will be a high demand to live in this building because the units are incredible. So far over 30% of the Chicago condo units in this building have been sold and over half of these buyers are International condo buyers.

The interesting thing to note is that this investment packages is not being advertised or heavily offered in the US and is being pushed overseas. With the current value of the dollar, US real estate is still a very attractive investment for International buyers and if they can build an income stream right away from that investment, it becomes even mroe valuable. Sometimes these offerings can be borderline legal according to the SEC, so the developer can't outwardly promote them.  Here at NCO, we have some amazing condos to choose from in the Chicago condo market.  Come check out all your choices here.