property for sale
invest in usa
According to experts, investing in the usa market has never been more attractive than nowadays.
"The USA
property market is in
meltdown and the dollar is at an
all time low, which is great news for
investors prepared to play
a long game." (The Investor, November
2007)
Not only are the prices in the U.S. dropping like a stone, but the dollar is still hovering around Euros 1.42. According to Brigitte Hunt of Florida agency Bridgemon International:
"It's a very good market for overseas investors. (..)..There are bargains to be picked up"
Brigitte Hunt is convinced that if you invest in safe major cities like Boston, Miami, New York or Chicago, you have to play a waiting game, hold for several years, but it will be worth it since the market will recover in about a year. Brigitte Hunt predicts that the market will hit rock bottom around March 2008. After that the market will recover and so will the dollar. The interest rates will probably be cut and the government is likely to cut taxes again. To get the highest capital appreciation from your investment, it is recommendable to invest in central locations, either than outskirts, where you'll get the best rental yields.
"It really is the time to buy as the dollar isn't likely to drop much more and U.S. buyers are scared" (Camilla Mabbott of UK agency Aylesford).
Besides all these opportunities, we don't have to forget that the U.S. is the largest economy worldwide. As an excellent place to do business, the United States offers a predictable and transparent legal system, outstanding infrastructure, and access to the world's most lucrative consumer market. Due to these circumstances, property for sale and property investment in usa presents exceptional buying opportunities with brilliant perspectives.
Source: The Investor, November 2007
