On a similar subject to the article I featured on Friday (Florida still No. 1 with foreign home buyers), The Sunday Times yesterday featured a piece on investing in America - in property and the stock markets - and how now could be an optimum time to do so.
Whilst the majority of the article talks about making financial investments, there is a brief discussion about investing in U.S. property. The article highlights how a real estate company based in Naples, Florida, has had 45% of its business come from British buyers, in comparison to 38% in 2007. Wow, almost half of its business this year from Brits! I guess a lot of you out there are buying in Naples...
Overall, the strengthening dollar has prompted many into believing that this is the start of an upturn in the U.S. economy, whilst other countries and regions around the world may continue to struggle and not recover for a while yet. So making any property investments in the U.S. now won't just be beneficial because of low prices - you may well see increase in value sooner than you thought.
Article: Is it time to back America again? (17th August 2008, The Sunday Times)
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