US "turning the corner"

The property market in the US is "turning the corner", according to one expert.

Director of property firm Mayfair International Realty Annette Reeve said that there is now an "overwhelming" feeling among both British and American estate agents that things are getting better.

People feel "the bottom has probably been hit and they are starting to go up the other side again and that it is a good time to buy," she remarked.

Florida could be one place that benefits over the next few months, as people tend to visit the state more between November and May, Ms Reeve noted.

Such comments come in the wake of further signs of rising property prices in the Standard & Poor's/Case-Shiller Home Price Indices, which were published this week.

The ten-city index revealed a 1.3 per cent rise in house values in August compared to July, while in the 20-city index the increase was 1.2 per cent.

Like this? Then share with your friends and colleagues!