Why Invest in USA? Weak Dollar Today £150,000 could buy you $300,000 worth of property. At the start of 2006 that same £150k would only have bought you something for $257,850. Buy now at an exchange rate of $2 and watch the property grow in value as the dollar strengthens. Property bought at $300,000 today and sold or refinanced when the dollar strengthens to $1.70 would see a 15% uplift in the investment. And for anyone considering owning an American home, the strong pound couldn’t have come at a better time. Not only does the pound buy you more, but it coincides with a US housing market slump. Housing Slump The collapse in the American sub-prime mortgage market has resulted in people on lower incomes who were previously stretching themselves in homeownership now seeking to rent property. Landlords can now command higher rents on properties that lower income families would have previously been seeking to buy. It is very much a buyers market in the USA. There is a healthy supply of property and keen prices can be paid to sellers who are struggling on the back of hefty interest rate increases over recent years.
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