US market on an 'upward trend'

The property market in the US is on the way to recovery, with prices and sales witnessing growth over the last 12 months.

This is the view of Adam Samuel, director at online property resource Nubricks.com, who believes that the market is experiencing an "upward trend" as investors begin to return.

According to the expert, individuals deciding to part with their cash in the US market are feeling more "positive" about their ventures thanks to an increasing number of statistics which point to more activity taking place.

"In terms of enquiries, we have seen quite a large increase in people looking to buy distressed property in Florida over the last three months," he claimed.

"That, alongside the statistics that we have seen, leads me to believe that the US market is certainly moving in an upwards trend."

Mr Samuel's comments come on the back of recent figures released by Clear Capital that demonstrated that prices in the country had risen by 5.1 per cent over the last 12 months.

In addition, investors looking to snare a bargain may be interested in news that property sellers in Miami, Fort Lauderdale and Palm Beach had reduced their prices on average by 14.89 per cent in February compared to the previous month, real estate brokerage ZipRealty announced.

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