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Overseas Property News
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US property bargains as recession looms
Country: United States
20 August 2008
The bargain property opportunities in the United States are likely to continue, as the country edges ever closer to recession.
UBS bank economists yesterday predicted that the United States is likely to slip into recession in the coming months as the cushioning impact of sharp interest rate cuts and tax rebates wears out.
"Sharp cuts in interest rates and tax rebates have prevented the US economy from sliding into recession until now," said UBS in a statement.
"But the economists of UBS Wealth Management now expect the effects of fiscal concessions to peter out in the second half of the year, leaving the US economy facing the inevitable prospect of recession."
Real economic growth in the United States is expected to reach 1.3% this year and just 1% next year, while the average price of a property for sale in USA is expected to fall during the forseeable future.
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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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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