‘Money to be made’ from US property

Concerns surrounding the UK economy mean that investing in real estate overseas currently “feels right”.

This is the view of Nicholas Mar, chief executive of Homesgofast.com, who believes that there is money to be made in US property at the moment.

Statistics from Primelocation show that international searches for US property increased by 42 per cent in August and have risen by 149 per cent in the past year.

"It's always good to remember that profits are made on the day of the purchase, not on the sale, and that the US is providing some stunning deals. These far outweigh what you could get from ordinary bank savings and are far less risky than shares,” Mr Mar said.

"Rumours of international bargains are now filtering through to ordinary investors who previously would not have considered investment in overseas property," he said.

Potential buyers in the US may want to take advantage of the record number of distressed properties currently on the market.

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