USA Emigration—Investment Visas
Things have been looking up recently, with a record re-bound on the stock market and increased property sales, but can this be sustained?
A lack of availability of mortgage finance at a reasonable price and the prospect of a long, slow recovery, with unemployment likely to go on rising for some time yet, says not.
All this brings the possibility of another dip in property prices when eventually the fiscal stimulus is phased-out and tax rises / savage cuts start to bite.
It appears, though, we’ve averted total disaster and at some point in the not too distant future, prices will bottom out and the only way will be up—even if it is a long, slow climb.
In property there is no tomorrow—you must think 5 to 10 years at least.
There are many positives for the UK residential property market over the coming years, so landlords should hold on if they can, focusing on good tenancy management and income.
Any new investments should be made very selectively assessing property types, locations and initial yields—recent auctions have seen ASTs going on yields of nearly 11%
This week we have introduced a rather unusual Topic for the LandlordZONE Newsletter—Immigration Visas and investments in the USA.
For those with the cash resources, now, or very soon, could be the perfect time to invest in that property or business in the sun.
Despite the weakness in the Pound, some US property investments are looking exceptionally cheap.
For example, at a recent auction in St. Augustine Florida (the oldest...
town and one of the most beautiful and affluent in the USA) building plots in a residential area (200 yards from the sand) went for £25,000 each.
The median price for a typical (3-bed, 2 bathroom, yard and garage) home in Florida today is less than £100,000
But foreign investments need great care: you must visit and do due diligence yourself, you need sound advice from trustworthy locals and you need sound legal advice to establish good title.
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