American Property Becomes More Appealing
Hartlepool, United Kingdom, January 07, 2009 --(PR.com)-- 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
Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com
Chief Marketing Analyst
Liam Bailey
liam@property-abroad.com
###
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
Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com
Chief Marketing Analyst
Liam Bailey
liam@property-abroad.com
###
Contact
Property Abroad LTD
Les Calvert
0845 2000 467
www.property-abroad.com
Les Calvert
0845 2000 467
www.property-abroad.com
Contact
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