Increasing hopes of economic recovery that are well supported by fundamental data have made the current times an opportune moment to buy property in the US for investment purposes. Weak dollar and falling prices mean that the overseas buyers can get a lot more for their money. The sales of new-built-homes have been rising, further supporting the long term growth argument. The US and other recession hit countries have taken measures to provide capital and liquidity to banks. They have also gone ahead with interest rate cuts to simulate economy. Such news can be a sign of recovery of the US property market. A lot of investors have termed this as the bottom of market. I will go ahead and tell you about 3 important reasons to invest your money the US property sector.
Economic Factors
In spite of global subprime crisis hitting US hard, it still is a stable and strong market where investors are ready to put in their money for profitable investments. The economic crisis has created an ideal opportunity to buy property at low prices. This is especially true in property goldmines such as Florida and Las Vegas, where market is always a tad better owing to climate and excellent leisure activities. Investors who purchase wisely in tourist destinations rely on a healthy resale market with strong capital growth to fuel their investments.
Coming towards the currency front, the strong Sterling and Euro against the Dollar has resulted in a more profitable property investment choice.
Natural Factors
In spite of its large population, there are many places for people who want to get up and close with nature also. The climate throughout the US differs, according to region there is a type of weather to suit everyone. This goes ahead in increasing the diversity of interested investors. And not only that, the US culture has been influenced by the many nations that have populated the country over its long and eventful history. Each region has something different to offer as can be seen from the differing styles of art and culture that can be found in the country.
Logistical Factors
Another huge practical advantage of the US is the superb connectivity the country provides. The wide availability of direct budget flights to the country’s numerous international airports from Europe and other places makes property purchase all the more attractive to foreigners. Meanwhile to encourage competitive pricing and greater consumer benefits, an “Open Skies” agreement is currently being considered to abolish the exclusivity that British Airways and Virgin Atlantic have enjoyed as carriers over the years.