Investment in The US
Lets not mince our words here . To invest ones money in a holiday property to use as a second home can be very dicey so why invest in a country where laws and governments can change overnight making your lifetime dream worth a fraction of the price you paid.
Other than the UK, the US is the only other stable country to invest in where over the next 5 years that a true increase in capitol value can be seen, Recent investors in Spanish properties with a view to cover their mortgages by renting to tourists have seen huge fines levied on them by the Spanish Government to protect Spain’s hotel trade leaving a lot of UK investors with huge financial problems.
Granted the property market in the US is in a poor state due to over saturation of new house construction over the past 2 years but several market watchers have predicted that these units should be bought up in the next 18 months.
Even people who have bought holiday homes in Florida in the last 24 months and have seen a decline in the capitol value should have patience over the next 2-3 years and their property should start to climb again in value.
The US has a strong stable economy like the UK, and with the recent visit of the Florida Governor to the Middle East to assure investors in Florida that the insurance rates and property taxes will be lowered over the next 10 months is only more reason to invest in Florida.
Several Hedge Fund managers have also hinted that they are watching Florida very closely with a view to buy over the coming months. Palm Beach, West Palm Beach are perfect examples of Florida’s finest places to stay and own investment properties.
Palm Beach has been one of the most exclusive places to stay in the United States for the last 75 years, Forbes magazine has Palm Beach listed 6 times in the top 10 house prices in the US , with development in Palm beach restricted due to its size and planning issues developers are moving across the inter coastal into West Palm Beach , Donald Trump is one of the developers who have build luxurious condos in WPB , this area is chic sophisticated and offers so much entertainment that the residents seldom have to venture far , Wellington is also 20 minutes away and the Polo and Equestrian capitol of the US.
These developments are very exquisite and offer every form of entertainment you can ever dream of, at prices that you would expect to pay in the US, A 6 week fraction in and exclusive development can cost £25,000 and a Fractional Property will increase in capitol value over the coming years, a fraction can be as long as you wish.
UK residents have yet to discover this area as a holiday home area, and with the dollar at an all time low against the Euro and the Pound and with the market at a lull, there is no better time to purchase a second home or a portion of a second home in the Palm Beach area, a home that should see an steady increase in value over the coming years.
Your Fraction can offer you advice on a fractional property or if you wish to purchase a property on your own we are Licensed Realtors in Florida and can help you every step of the way.