"Tremendous" opportunities in US property market

Overseas property investors are expressing an interest in the US property market due to the bargains and currency conversion advantages currently available, it has been claimed.

According to the Dallas Morning News, the number of offshore buyers has been increasing, with Lawrence Yun, chief economist of the National Association of Realtors, reportedly telling a conference that the number of international buyers operating in the sector "may be doubling over the next ten years".

And he noted that 21 per cent of realtors believe there are more overseas investors buying US property now than there were five years ago, with a survey by the association revealing almost half of properties bought have been in the southern states.

"The growth opportunities for foreign buyers in the US are tremendous," Mr Yun was quoted as adding, a statement which overseas property investors may wish to act upon.

Investors may wish to consider a purchase in either Miami or Orlando, with the two Florida cities featuring prominently in a list of the most popular US Christmas destinations recently published by Orbitz.

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