'Bargains' available in US property market

The US property market is currently very appealing, with the opportunity for investors to pick up some bargain real estate.

Statistics released by the Worldwide Property Group in their latest confidence tracker survey show that property is believed by many to be the best asset class to invest in during 2011.

In fact, according to figures from the research, 64 per cent of respondents believe that there are a number of opportunities at present in overseas markets.

Property in the US and Caribbean are by far the most popular, while Spain and France also ranked highly in terms of desirable locations.

Kevin Wilkes, managing director of the Worldwide Property Group, explained that property offers investors the potential to gain strong long-term returns.

"The US is currently a very appealing market with some incredible bargains, especially for those people who can afford a cash purchase. With property often selling at below build cost, this is a market that deserves investor's attention," he said.

"My tip for 2011 would be to make this the year that you invest. Don't leave it too late and miss out on some of the best opportunities we have seen in decades."

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