I have noticed over the past couple of months that an increasing number of our investor clients are choosing our USA investment locations over the UK. Why?
Pristine residential condos set in tropical, landscaped gardens might look more attractive than distressed portfolios in the northern climes of Blighty. However, this escalating interest is not just because of the gorgeous sun-kissed photos. Rather, it is because of the figures!
Recovery in “number one” investment location
Certainly, recovery is underway in the US property market. According to separate reports from the National Association of Realtors (NAR) and CNN Money, home sales are on the rise and this is pushing values up again.
Bloomberg’s Global Poll cited the USA came as “number one” investment location for international investors. Economists at the World Economic Forum in Davos-Klosters also cited “much optimism” being centred on the US, with “growing confidence” in the economic outlook.
What does this mean for property investors? Firstly, the window of opportunity to buy at the lowest prices in the US market is starting to close. Secondly, investors who act now will benefit enormously from the recovery of the market!