american property named as best investment for brits
News Posted On: 26 January 2010
America continues to be named as one of the best destinations for Britain's to invest in property. For a start we have the safety aspect, America has the same core values and principles as the UK, or near enough.
What's more in the land of the free we can buy what we want, where we want (barring a few minor caveats in some states) and on finance if we want -- though that is, as we know somewhat limited in the current climate.
America has taken some stick because of the weak pound; before Britain's could get two dollars for every pound, now they are looking at more like a dollar and 60 cents. However, that still gives them the means to buy a property and a half what they could afford in the UK.
Yes, it is true, rental income comes back in through the same conversion rate, which then gives us a reduced amount. However, bigger properties are tending to attract the bigger yields at the moment; analysts believe this is because wealthier people have been less affected by the crunch. Thus, Britain's are likely to be able to find an American property in their budget, with a higher yield than a UK property.
Of course the capital growth potential is also a factor. Many analysts are forecasting a stronger return to growth in the US housing market than in the UK, despite the recent growth in the latter -- especially in places like Orlando and Chicago.
View property for sale in America
Back to news articles for this country
Latest Related News Articles in America
Property Prices in the US Fell by Over 4pc Nationally Last Year
2012-02-07
Prices of residential property in America dropped by an average of 4.7% last year, marking the fifth.....
NAR Says US Housing Market in Early Stages of Recovery
2012-01-25
Sales of existing homes have now improved for three consecutive months according to the latest data .....
Outlook for US Housing Is Finally More Optimistic
2012-01-18
Things are finally looking up for the US housing industry with predicted increases in sales and buil.....
Renting Becoming New Reality for Former US Homeowners
2012-01-12
Homes may be much more affordable in many US states and mortgage rates at record lows, but many form.....
Las Vegas Residential Property Sales Increase in November
2012-01-09
In November the number of homes sold in Las Vegas rose for the fifth consecutive month. This was mai.....
REITs Set for Buying Spree in 2012
2012-01-04
Experts are predicting that Real Estate Investment Trusts will go on a buying spree in 2012, after a.....
US Housing Market Looks Like Turning Corner
2011-12-23
Sales of existing homes in the US are now 34% above the cyclical low point of mid 2010 according to .....
American Property Hopes for Better 2012
2011-12-16
Let's face it, 2011 has been a pretty miserable old year for the global property industry, and few h.....
Americans Expect Strong Growth in 2012 Rents
2011-12-09
According to the report US consumers are sure of one thing -- rents will rise in 2012. Of those surv.....
US Housing Market to Bottom in 2012
2011-12-06
Well, good news at last. The US housing market is going to bottom in the second half of next year --.....