American Property Becomes More Appealing

The US Federal Reserve announced last week that it would cut the federal funds rate from 1% to between 0 and 0.25%, a move that should lower the cost of mortgages and make a US property investment even more appealing.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the announcement:

"This is yet more good news for the American property market; with the Pound continuing to fall in value, and the Euro at round about the same exchange rate, US property has been becoming more and more appealing to European and British overseas property investors. The latest rate should serve to make it even more attracting by lowering the cost of mortgages. Most people considering an American property as an investment are aware that it may take several years to make any real capital gains, if they will accrue less interest on their mortgage over this period than before, this will make the investment even more profitable.

"With that in mind, continued Bailey. "New figures released by California's Department of Finance show California's population has climbed massively in the past few years, so California could be the state to focus on for overseas investors, because when the US market starts to recover, vis-a-vis when property prices start to rise again, it is likely the economy will be recovering also, and those who have moved into rent, could be ready to buy homes."

Property Abroad have some excellent American properties for sale and to rent, including director Les Calvert's star buy:

A luxury 2 bedroom apartment on the five-star Kissimmee Island resort in Orlando. This is perfect for those looking to invest in American property now while prices are low and cash in whenever the opportunity presents itself. According to the developer, the prices of these apartments are now 54% less than their 2005 launch price, which is also less than build costs. At just £100,000 a blind man in the dark could see that they are a bargain, which will reap significant rewards when the US economy experiences its next boom -- not to mention the 6-8% rental yields they will be making in the meantime.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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American Properties Offering Fantastic Opportunities

Lawrence Yun, chief economist of the National Association of Realtors, told a press conference that the number of international buyers operating in the sector "may be doubling over the next ten years". Yun also noted that 21 percent of US realtors believe there are more overseas buyers operating in the sector than there were five years ago, with a survey by the association revealing almost half of properties bought have been in the southern states.

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the findings:

“This was always going to happen, it began about 5-6 months ago when the dollar began dropping severely against the pound and the US was one of the biggest climbers of A Place in the Sun’s overseas buyers survey for 2008. At that time I was regularly quoted as saying that the upsurge in US popularity was so great, and had such momentum that it, in itself was capable of generating a US property market recovery in the most popular areas.”

One such popular area, as identified by the US National Association of Realtors is the southern states, including Florida.

Property Abroad have some excellent properties in Florida , including, for those on a limited budget: an amazing two storey, two bedroom, town-house for just £65,000. The property has a private courtyard, massive living room and dining area with breakfast bar and the upstairs master bedroom has a superb en-suite bathroom. It also has Powder rooms with laundry facility on the main floor, a new roof (still under warranty), new air/heat combination (also under warranty) and a new digital thermostat.

As part of a community the buyers will enjoy use of the community swimming pool and tennis-courts, the fees for which are just $80 per month – this also includes maintenance of the gorgeous grounds and sprinkler system. The property is fantastic value because it is just 60 miles from Disney World.

Property Abroad has hundreds of American properties , throughout all the most popular states; visit the site to find out more.

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