(1888PressRelease)
August 09, 2007 - In a recent article , the company comments on findings from the first and second quarters of 2007 that indicate a predicted annual increase in interest of around 200% (compared with 2006) from US investors looking to buy overseas property. Interestingly, over one third of US enquirers are now expressing an interest in using real estate purely for investment purposes.
Gareth Milton. Operations Manager at Propertyshowrooms.com comments, "The increase in visitors and subsequent enquiries from outside of Western Europe has brought with it a number of new challenges, including languages, time zones and differing taxation laws. However we are continually developing our expertise both internally and externally through our substantial network of partners in these locations who provide invaluable support."
Propertyshowrooms.com is well aware of the internet’s crucial role in the process if US awareness, opening lines of communication and offering an extensive selection of worldwide research possibilities. This, in turn, has widened US investor horizons, exposing hitherto unknown worldwide investment possibilities that, with increased knowledge and a new global view, are now trusted, viable investment propositions for many US buyers. Further indications that changes in US trends are afoot include; a significant increase in the number of REITs that has been witnessed in the USA, while global mutual funds have more than doubled in the past two years alone. Schwab Global Real Estate Mutual Funds now recommend investors have about 3% to 5% of their funds in overseas property, noting that adding foreign real estate to a portfolio increases returns and reduces overall risk.
Another interesting figure revealed by Propertyshowrooms.com is that four million US citizens now own property abroad - a much higher proportion than among UK citizens. A slowdown in the housing market and the weakness of the dollar today make foreign real estate an exciting option. In relation to average income, The Economist calculates an over-value of an average 30%, making more affordable overseas real estate investment a highly tempting option for many enterprising buyers with global vision. Gareth Milton reveals, “US buyers have been showing quite an interest in the cave houses we are offering in Almeria, southern Spain. This is largely because they offer a very affordable and quite unique style of property, located in an easily accessible area of Spain, so famous for its outstanding natural beauty. For between 20,000 EUR for a 5 roomed un-reformed cave to 95,950 EUR for a 3 bedroom fully reformed, stylish cave home, you can be the proud owner of a Spanish cave home!
It´s clear that internet, air travel, world economics and an internationally-oriented mentality help all investors look at every option, regardless of geographical distance. Propertyshowrooms.com is the first to agree that is great news for all types of US and other global property investors, all of whom have one aim in common; to seek out their best options in international real estate, one of the most lucrative investment arenas known today.
The International Property Investment Network (IPIN) operated by www.Propertyshowrooms.com helps all types of investors in their quest to access up-to-the minute information on the very latest investment opportunities in the worldwide property market today. All discerning property investors realize the importance of taking advantage of the most lucrative real estate opportunities as soon as they arise, before they become common knowledge.
