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Overseas Property News
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US unemployment claims fall
Country: United States
6 August 2009 The number of people in the USA filing fresh claims for unemployment benefits fell radically last week, according to a government report released an hour ago. The news comes as a boost to the employment sector, which has endured a torrid time during the financial crisis, and acts as a further indicator that the country’s economy is improving, which is good news for the USA property market. The Labor Department said that Initial claims for state unemployment insurance benefits fell 38,000 to a seasonally adjusted 550,000 in the week ended 1 August from 588,000 the previous week. “The claims data are another sign that the recession could be behind us," said Kevin Flanagan, of Morgan Stanley in New York. He added: “I am optimistic that a recovery is in the process of beginning, but we will need to see continued improvement in claims going through [under] the 500,000 level before the consumer is willing to come on board and be part of the recovery.” A Reuters survey forecast 320,000 workers lost their jobs last month, an improvement on the 467,000 who were laid off in June – the best monthly level record since September 2008. The report bodes well for the US property market, as greater employment levels are likely to improve demand for property in USA.
See Also: Marc Da-Silva, Unemployment, USA
Some properties in United States
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Price: £8,515
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Type: House
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Bedrooms: 3
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HIGH YIELD INVESTMENT, Mortgage offered with a $13,625 Down payment, on this property, income producing investment property, Multi Family Home with two apartments fully let and income producing Full Purchase & Management Service
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View details | Enquire further
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Price: £8,515
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Type: House
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Bedrooms: 3
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HIGH YIELD INVESTMENT PROPERTY, Mortgage offered with a $13,625 Down payment, on this property, income producing investment property, Multi Family Home with two apartments fully let and income producing Full Purchase & Management Service PROVIDED
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View details | Enquire further
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Price: £9,419
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Type: House
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Bedrooms: 4
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This 4 Bedroom house features 3 covered garage spaces. Needs work but will rent for $800 per month upon completion of renovation.
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View details | Enquire further
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Price: £9,483
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Type: Apartment
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Bedrooms: 2
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More than double your money in just nine years with an investment Bond administered from the UK by an FSA regulated Trustee. 6, 8 & 10 year investment terms available. Averaged returns of 9% to 13% per annum over six to ten years
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View details | Enquire further
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Price: £10,967
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Type: House
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Bedrooms: 2
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Income from day one from this high yield Income producing investment property, 23% NETreturn after fixed running costs, fully let 2 bedroom house situated in Syracuse City, Full Purchase & Management Service provided priced 42% below assessed value.
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View details | Enquire further
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Price: £13,548
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Type: House
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Bedrooms: 4
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High yield Income producing investment property producing 44% annual return after fixed running costs * SEE COMMENTS IN THE DETAILS for sale at unbelievably low price, consisting of 2 fully let apartments, Purchase/Management Service,income from day
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Price: £15,741
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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: £15,805
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Type: Apartment
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Bedrooms: 3
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80% price drop & potential 16% net return makes this 3 bed/2 bath Condo with communal pool and easy access to Disneyland an ideal holiday home/investment property. Can be easily purchased & managed from any part of the world - contact us for details.
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Price: £17,385
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Type: House
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Bedrooms: 3
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Our fully refurbished & pre tenanted selection of quality homes are located in family friendly areas and are available with 50 % non status finance. We have the most competitive package in Detroit and offer a money back guarantee for peace of mind.
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Price: £17,419
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Type: House
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Bedrooms: 3
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26% Net annual return after fixed running costs $7,060 / £4,554 / €5,229 excellent condition throughout investment property consisting of TWO fully let apartments, excellent Location, Full Purchase & Management Service Provided, income from day one
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