Property investors "trust" the US market

Brits are likely to find the US economy more appealing than others when making international money transfers abroad, industry experts report.

Mayfair International Realty recently revealed how UK citizens may be drawn to the US when buying property as they have more faith in the market recovering.

Annette Reeve, director at the company, explained that the US has put measures in place that help potential homeowners get on the housing ladder.

In addition, figures from Standard & Poor's/Case-Shiller Home Price Indices show that the country experienced an 18 per cent drop in house prices in the last year, which could further attract those making money transfers to buy homes.

"I still think people probably trust the US more than they do large parts of Europe," said Ms Reeve.

"The US government is bringing in various schemes to help kick start their property market in the same way as the Brits are."

Jet-to-Let recently reported that the US was the third most popular destination for investors buying property overseas.

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By Linsey Summers