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US real estate top choice for investors

Date : (News Section: United States)

US real estate top choice for investors
Real estate in the US is gaining in popularity, with one in five investors choosing property over the pond.

The research from The Move Channel revealed that the US is now the most sought after destination in the world, taking the top spot for the first time since December 2011.

Investor interest in the country even outstripped its European rival Spain by 1.01 per cent, accounting for a record 20.91 per cent of all enquiries. This is the largest monopoly enjoyed by a country since The Move Channel began its Top of the Props survey.

Director Dan Johnson explained: "The US has become the main rival to Spain's lifestyle appeal. It replaced France as buyers' second favourite property destination several months ago. Now the country's recovery is really gathering steam."

Sales, rental yields, housing start-ups and market confidence are all increasing in the US at the moment, and prices look set to go the same way, Mr Johnson added.

This is a positive turnaround from the slump experienced in 2011. The Global Property Guide reported that in the third quarter of last year, Case-Shiller recorded a seasonally adjusted property price fall of 7.42 per cent from 2010.

Article by +Steve Binge on behalf of

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