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Overseas Property News
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America and Middle East property summary
Country: Canada; UAE; United States
9 July 2008
The Americas
Brits are now the second highest foreign buyers of properties in the USA - 12% - and this figure could yet increase further given the current strength of the UK pound against the dollar. The South of the States (64%) remains the most popular place to buy property, followed by the West (26%), Midwest (5%) and the North East (5%). Unsurprisingly, nearly half of all Brits prefer to buy property for sale in Florida.
Overall, fewer homes in the USA are being built year-on-year signalling that the property market remains sluggish. With rising repossesions, higher mortgage rates and declining property values across much of the country, its little wonder that US consumer confidence is currently at a 28-year low. Now is a great time to negotiate a baragain property purchase in the States.
Average house price inflation in Canada has halved to around 6% over the past year, although some areas such as Saaskatoon and Regina continue to outperform the national average. Buy to let investors will be pleased to learn that annual rental yields of around 10% are still achievable.
Middle East
Dubai and Abu Dhabi in the UAE have recorded phenomenal property investment growth rates, fuelling strong property price growth and a robust economy in recent years. Construction activity in other emirates such as Ras Al Khaimah and Ajman are also gaining momentum, offering great potential for further capital growth over the next few years. The fact that the UAE Dirham (AED) is fixed to the weak US dollar, means that Brits can currently buy more property for their sterling at cheap borrowing rates.
Some properties in United States
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Price: £11,250
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Type: House
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Bedrooms: 8
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MORTGAGE OFFERED on this fully let high yield Income producing investment property consisting of 2 FULLY LET 4 BEDROOM DUPLEXES WITH SEPARATE STREET ENTRANCES,full purchase+Management service provided buy this property safely from any part of the
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View details | Enquire further
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Price: £12,500
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Type: House
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Bedrooms: 3
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$20,000 buys this High yield Income investment producing 28% annual return after fixed costs consisting of THREE RENTAL APARTMENTS, unbelievably low price full purchase+Management Service provided buy this property safely from any part of the world
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View details | Enquire further
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Price: £12,500
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Type: House
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Bedrooms: 4
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23% Net return after fixed running costs from this fully let investment consisting of two apartments in area of high rental demand a full purchase & management service provided, buy this property & have it managed from any part of the world Inquire
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Price: £12,500
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Type: House
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Bedrooms: 5
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$20,000 buys this High yield Income investment producing 35% annual return after fixed costs consisting of THREE RENTAL APARTMENTS at unbelievably low price full purchase+Management Service provided buy this property safely from any part of the
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View details | Enquire further
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Price: £13,564
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Type: House
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Bedrooms: 2
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GUARANTEED INCOME,22% net return instantly. Paid by the US Government via the section 8 program on this registered investment property.
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View details | Enquire further
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Price: £15,440
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Type: House
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Bedrooms: 2
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This Property has long term tenants paying $500 per month.
It is Located in Rochester the Third Largest City in NY.
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Price: £15,502
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Type: House
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Bedrooms: 3
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11218 Kenmoor Street, Detroit, MI 48205 comprises a 3 bedroom bungalow built in 1941 and recently refurbished to a high standard which has tenants moving in to generate a great genuine net yield of 22.24%.
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Price: £15,502
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Type: House
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Bedrooms: 3
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3 bedroom bungalow built in 1941 and recently refurbished to a high standard. It has just been refurbished to a high standard and has tenants moving in to generate a great genuine net yield of 22.24%.
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View details | Enquire further
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Price: £16,122
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Type: House
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Bedrooms: 3
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We are pleased to offer a selection of tenanted buy to let homes in Buffalo and Rochester, New York from just $25,000 with genuine net yields of 16% to 23%. Cash buyers should take advantage now.
Thjis property is just one example.
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Price: £16,250
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Type: House
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Bedrooms: 4
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High yield Income producing investment property producing 29% annual return after fixed running costs when fully let, consisting of 2x2 bed apartments situated in a good rental location of high demand, Full Purchase & Management Service, easy to
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