Discover Riches In USA Property Investment In The Heartland
With the pounds value increasing to a 5 month high against the US Dollar and the numbers seeking rental accommodation increasing because of continuing foreclosures, it would seem that the window of opportunity to invest in the US remains very much open.
Over the past 1 and a half years a constant wave of international buyers have taken advantage of below market value properties at bargain prices with the states of Florida and Michigan being the most popular place to buy however now, as these markets stabilise in line with national economic recovery, savvy investors are looking for the next buy-to-let destination.
And it is to Heartland America that attention is turning. The mid-western states of Missouri and Ohio, home to the growing cities of St Louis, Kansas City, Toledo and Columbus, present a highly appealing investment destination with continuous demand for rental property generated by the large employment base and detached family homes available at up to half below replacement build costs.
Steven Worboys, MD of USA property investment experts, Experience International, states,
“There is a large demand for rental property from working families in the mid-western cities such as St Louis and Toledo. Up to 50% of residents in St Louis live in rental properties with most of them seeking detached family homes. Property prices in these cities are well below the national average of $182,600 (Zillow.com) and owners can anticipate rental incomes of up to 12.5% in addition to capital gain.”
Combined these cities hold a population in excess of 6 million and have faired the economic storm better than many other higher profile cities. According to the U.S. Department of Labor, Kansas City has held a lower unemployment rate than the national rate with the healthcare and service industries replacing most jobs lost in the manufacturing sector and Columbus has been ranked the nation’s 6th most stable market by Standard & Poor’s as well as one of the 10 safest real estate markets in the US by the P.M.I. Institute.
National Association of Realtors statistic’s showed that property prices in St Louis for Q1 2010 were higher than the previous 12 months with appreciation at 15.1%, Toledo showed 13.3% appreciation, Columbus 6.3% and Kansas City 3.2% over the same period.
Worboys continues,
“Many people think that the entire US was affected to the same extent by the recession but this is simply not the case. Yes some states experienced considerable unemployment and as a consequence thousands of foreclosed properties but many states such as those in the Heartland due to diverse employment sectors avoided worst case scenarios and now as the economy shows continued albeit slow growth these cities are the 1st to recover.”
It is this recovery that shrewd international investors are keen to take advantage from. this attractive USA property investment market. With 3 bedroom detached family homes available from as low as $24,500 with 50% Loan to value.Fully refurb’drefurbished homes in desirable after locations can expect to generate up to $860 per month in rental income and are sold with tenants already in place on long-term leases. A year’s home maintenance is also included and buyers cantake advantage of exclusive finance packages available.
To find out more about investing in property in the Heartland of the USA then contact the experts at Experience International on + 44 (0) 207 321 5858 or visit Experience-International.co.uk.
