America 'attracting attention from property investors'

The US is attracting the attention of property investors seeking bargains, it has been claimed.

A recent article in the Daily Mail suggested that brave investors are snapping up foreclosures, including cheap Florida property, for very competitive prices.

Speaking to the newspaper, Caroline Carrara of WWM Realtors in Florida said: "Foreclosure properties are priced aggressively to sell fast because banks aren't interested in owning, managing and paying taxes and maintenance."

One area which is proving popular with property investors is Detroit, with one real estate expert stating that there is huge rental demand in the city due to its thriving businesses and large population.

Last week, Marc Da-Silva, editor of property investment magazine Homes Overseas and freelance writer for What House, said that the strengthening pound means that there is a "real opportunity" for UK property investors to pick up bargain property in the US.

He added that buyers should ensure they pay attention to currency fluctuations as well as property prices.
 

Like this? Then share with your friends and colleagues!