US 'a great place to invest in property'

Now has been described as an ideal time to make a money transfer and invest in a second home in the US.

This is according to director at Property-Abroad.com Les Calvert, who explained how the current currency exchange rates are unlikely to get any better for Brits.

"With the way that the dollar and the pound are at the moment, it is as good a time as any to start looking at buying over there," he stated.

The expert added that he does not "anticipate the dollar to drop much further against the pound".

By looking at the exchange rates, investors can gauge how much they will be paying for an abode and how far their money will go, Mr Calvert commented.

Ready-tenanted properties with guaranteed rental yields were described as increasingly commonplace on the property market, as investment companies look to sell the homes.

It was suggested these are "a sure fire winner" for individuals hoping to make money on their asset, with rental returns of between 12 and 15 per cent noted as possible.

Mr Calvert commented how Atlanta is proving a popular destination with investors, as many of these ready-tenanted properties are appearing in the city.

The expert's observations follow recent figures released by the National Association of Realtors, which revealed US pending home sales continued to gain in November.

Released on December 29th, the statistics showed they reached the highest level in 19 months.

The Commerce Department's US Census Bureau recently released data on the new US residential construction in November 2011, which highlighted how permits for new housing units rose 5.7 per cent during the month.

This was said to be well above private sector expectations of a 1.7 per cent decline.

Posted by Chris Barber

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