Published on 18 October 2005 at 03:25 pm
Filed under: North America:- USA Property Guides » America US Overview for Real Estate Investors
Enjoying the largest economy in the world and with a landmass over two and a half times the size of the EU, America is not a country a real estate investor should ever overlook whatever it is he’s after; and in 2004 the US was the most active region for real estate investment in the world.
America is a true land of opportunity for real estate investors because whatever it is you’re looking for in the way of property investment - from prime office space, out of town retail developments, luxury grade residential, affordable renovation projects, holiday hotspots or just a second home in the sun - you’ll find it in abundance in the USA.
One of the most popular sectors among corporate investors is the New York office market which competes alongside London’s business district in price, desirability and liquidity. For more affordable space equally in demand an investor could consider Washington or Houston with tertiary markets existing in Florida, Atlanta and Philadelphia. The entire investment made into America’s office sector by international real estate investors in 2004 was 13.2 billion US dollars and this figure is expected to continue rising.
Australian investors in particular seem especially keen on the American retail real estate market which offers international investors some of the best commercial property investment opportunities in the States. Real rental growth and continued domestic consumer demand brought over a billion US dollars from Australia alone into the American retail real estate market last year for example, and because every major town in every state has malls, the opportunity for profit is broad.
Next up is the luxury end of the residential property market which includes apartments in the best areas of America’s favourite cities like New York for example and which attract impressive rental income annually. Alternatively summer holiday properties in the Hamptons or even winter ski holiday homes in Aspen could net the property investor substantial annual rental returns and impressive capital gains as these areas of America are timeless in their attraction and appeal.
Those seeking more affordable residential alternatives for real estate investment in America could consider the most popular university towns and cities and tap into the huge student demand for rental accommodation for example. Or they could buy holiday homes in the top ten in demand towns for second homes in America and capture either the holiday rental market or the second homer resale market. These towns include South Lake Tahoe, California, Daytona Beach, Florida and Charlevoix, Michigan.
There are emerging markets in America as well which might suit the non-risk averse investor seeking greater potential returns. For example the emerging second home markets like Caribou, Maine, Ketchikan, Alaska and White Mountains in Arizona offer an investor a chance to tap into an as yet unrealised market offering property buyers and holiday makers a variety of attraction and appeal and offering the investor potentially substantial capital growth returns.
And finally, both the international sun-seeking holiday market and the overseas holiday home market in America offer a real estate investor opportunities for commercial and residential property development, rental returns or flip and resale possibilities. One of the greatest and most enduring marketplaces for all types of opportunity is Florida. The State is the most popular with the majority of overseas visitors who are attracted to the theme parks and the weather year in year out and the Florida markets also return some of the greatest capital growth percentages in America.
Whatever it is that you as an investor are looking for from real estate, it is highly likely that America has an opportunity to suit your particular risk profile, growth expectations or income requirements. You can either consider searching for opportunities on a State by State basis or by investment type, for example focusing on the retail sector, hotel or office sector, residential resale or rental sector or whatever it is you’re looking for. And America has one of the most sophisticated and transparent legal systems when it comes to real estate which gives an investor an extra dimension of confidence in the country as a whole.
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