Incentives for new condo buyers are increasing in many real estate markets. Everything from price cuts, free merchanidise such as cars and appliances to a year’s free tuition are offered by anxious developers looking to get condo residences under contract and sold. In some markets, tax abatements are offered to new buyers. And then, of course, there is the $8000 tax credit incentive from the Federal government.

In Philadelphia, tax abatements are a popular incentive. The abatements offer lower taxes on new or renovated buildings. While there are proposals to change the tax abatement structure, it looks like properties that now have the abatement would not be affected.

10 years of tax abatement is a powerful reason to consider a Philadelphia condo, especially one that is newly constructed or renovated. Here are some Philadelphia condos that are particularly good values right now:

2200 Arch Street
511 Condominium Residences
North 28
National at Old City
Lofts at Logan View
Memphis Flats
The Pearl
Victory Condominiums

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