The USA Property Market

Great investment property potential in the land of opportunity

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Property market overview

The recession in late 2007 led to a rise in interest rates and many property owners were unable to make their mortgage repayments. This resulted in a series of repossessions and foreclosures as banks curtailed lending, due to the prevailing market conditions of the recession.

With no availability of finance, the reduced demand caused the inevitable fall in house prices. Many households were forced into private rented accommodation having been excluded from the property market. 

Rented housing market opportunity

This has opened up the rented housing market in many major US cities, particularly where employment rates are increasing and vacancies are opening up.

One such city is Detroit, where the motor manufacturing industry has rallied and created more jobs. Letting agents have reported increased demand for rented family homes, particularly in areas close to important amenities including shopping centres, schools and universities.

Availability of below market value properties 

There is a backlog of latent foreclosures as major US banks continue to clear their books of troubled mortgages. Through ‘short sales’, homeowners can settle debts by selling their properties for less than the mortgage value.

This means that investors have a selection of below market value  properties to choose from, in several key cities including Detroit, Memphis, Atlanta and areas such as Florida where rising employment is gaining momentum.

Contact us today to find out more

Contact us now to find out how you can profit from property. A member of our team will be able to answer any questions you may have and get you started on your investment goals.

Call +44(0) 1322 436385 or 07956 629744

Email : info@menvoltd.com