Below you will find simple answers to some of the most frequently asked questions from our USA property investors.
Foreigners are free to purchase real estate in the USA. There is an abundance of finance and mortgage facilities available to foreign investors in all areas of the States.
The sheer expanse and variety that the USA offers property purchasers means there is something to please every taste. With a current slowdown in the market, many cash buyers are taking advantage of bargain prices in hotspots such as Florida and Las Vegas, which retain their appeal and relative market buoyancy. Tourist locations are firm favourites amongst foreign buyers who enjoy a second home or cash in on strong buy-to-let yields from their investments in high demand resorts.
The USA is the world’s largest economy. Despite economic losses during the Iraq and Afghanistan wars, and Republican losses in the mid-term elections, USA still offers investors strong potential Barack Obama won a landslide Democrat victory as President of the USA on 4 November 2008. Although he has a tall order ahead to rectify the state of the nation’s economy, politically, many citizens and investors in the USA now also hope for improvements. Emphasis on political stability and world peace is high on the agenda, a concept that will bring with it refreshed confidence and investment potential for the USA.
The recent rise in interest rates and the subprime lending crisis have slowed down the market, while many investors see this as an ideal time in which to buy, while prices are at a standstill for now. They are favouring top-end luxury property or other options located in busy tourist locations where values will continue to rise. In today’s economic climate, the strength of the Sterling and Euro against the Dollar allows many foreign investors to purchase even more for their money.
The USA is well served by giants such as British Airways and Virgin Atlantic airlines, while an Open Skies agreement is planned in order to open up travel options to Europeans seeking more competitively priced services from a wider variety of airlines in the near future.
Virgin Atlantic flies direct to Las Vegas, Orlando, New York, Boston, Washington, Detroit, Miami. Los Angeles and San Francisco
Continental, American Airlines and Delta Airlines fly direct to most cities in the USA.
7 – 11 hours
Under the Visa Waiver Program, some foreigners are allowed to stay in the USA for 90 days without applying for a visa. Currently, 27 countries participate in the Visa Waiver Program, as shown below:
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