2024 marked a year of stabilization and recalibration for Charleston’s real estate market. We witnessed a cooling from the pandemic-driven frenzy, with sales volumes finding a new equilibrium and inventory gradually recovering.
Property owners that wish to operate a short term rental must be knowledgeable of all the various ordinances imposed by municipalities and homeowners associations, in addition to the desirability of the property on the rental market.
When considering your home purchase in South Carolina, it’s essential to familiarize yourself with the structure of the state’s property taxes. The Palmetto State is known for its generally favorable property tax policies, particularly in regards to owner-occupied residences.
