|
|
|
Real Estate News Releases
|
(EMAILWIRE.COM, May 12, 2009 ) USA - Following the same pattern as last month, the USA reigned supreme on the TheMoveChannel.comÂ’s April Top of the Props chart. Europe also features strongly in the chart, suggesting that investors are less willing to take risks on far flung destinations and instead want to put their money into tried and tested marketsÂ…
Our Top of the Props chart provides a monthly pop chart snapshot of the most popular countries on the site and last month, the USA triumphed, attracting the most interest from visitors to the site.
Take advantage of USAÂ’s GO Zone
Now that the United States is entering the lowest point in its property market cycle and people are getting more and more serious about selling off their real estate stock no matter how cheaply, there are more opportunities than ever for investors.
Savvy buyers will be able to snap up an American property deal at well below market value that could have strong rental potential and, if you go into it with a long term view, could net you a healthy return.
If you are looking for a real bargain, America’s GO Zone could still be well worth considering. The Gulf Opportunity (GO) Zone covers the areas affected by Hurricane Katrina – including the states of Mississippi, Alabama and Louisiana – and offers Government incentives for property investors to purchase buy-to-let housing stock.
The incentives are for a limited period only and some end this year. As you will be buying property on land subsidised by the US Government, you will be getting excellent value for money.
Go Zone Investment Incentives allow you to write off 50 per cent of the property's assessed value in the first year. As an active investor, you can write off the deductions against ordinary income and capital gains, but this may well run out on December 31st this year.
There is also strong rental demand in the Biloxi area, with a shortage of 64,000 homes so rental potential will be very strong.
Pick up a Portuguese property
Portugal grabbed second place in AprilÂ’s chart. Buying property in Portugal is no longer an exotic pursuit - especially for Brits and Europeans and areas such as the Algarve, the countryÂ’s southernmost region, have seen an explosion of resorts.
Portugal has been one of the countries most affected by the global economic crisis, according to a report by Cushman & Wakefield, a global real estate solutions company.
Where there is crisis, there is opportunity and bargain hungry buyers have been sniffing around PortugalÂ’s tourist hotspots, hoping to snap up a great deal with strong rental potential.
Tourism is likely to remain strong in Portugal long term and thus rental potential looks strong. Development of a solid, upscale tourism sector is part of the Portuguese Government's economic growth strategy.
The sector's GDP contribution is expected to climb from 15.6 per cent in 2009 to 18 per cent by 2019, according to the World Travel and Tourism Council.
Currently, some 975,000 jobs in the country are tourism related. This number is expected to grow to 1,153,000 jobs, accounting for 22.1 per cent of the country's total employment by 2019.
Other movers and shakers
The land of la dolce vita look the bronze medal in Aprils chart, leaving the United Arab Emirates – long the poster child of property booms – trailing in fourth place.
Turkey and Spain took fifth and sixth places respectively, showing that, despite media scaremongering about the pain in Spain, it still proves popular with overseas investors and will likely never fall truly out of favour.
Old favourite France took seventh place, with Egypt yapping at its heels at number eight. Surprise entry Thailand, in a rare appearance in the top ten, took ninth place and Greece rounded off AprilÂ’s Top of the Props chart at number ten.
For more information on properties in America and the property market in general, please visit http://usa.themovechannel.com/
-ENDS-
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information, please contact:
Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650
TheMoveChannel.com
Dan Johnson
020 7952 7650
dj@themovechannel.com 
|
|
|
|
Real Estate News by Sector
|
|
|
|
|
