Las Vegas tops list of best US locations for rental property investment

People seeking to invest in property in the US have been advised to consider homes in Las Vegas, Nevada, which is apparently a good bet for those buying to let.

The city topped a list of the ten best locations for opportunities in the single family rental market compiled by HomeVestors of America, beating Detroit and Warren in Michigan and Orlando in Florida to the number one spot.

Launched this week, the property investment indicator will continue to keep track of changes in the market to provide those buying homes in the US with quality real estate predictions.

David Hicks, co-president of HomeVestors, said: "We're pleased to have developed this ranking system with Local Market Monitor to help investors ... identify opportunities and gauge potential local market investment performance."

The ClearCapital Home Data Index recently suggested that, despite a small increase in house prices over the second quarter of the year, values are set to drop by the end of 2011.

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