About the USAThe USA is home to several of the world’s most exciting cities, some truly mind-blowing landscapes, a strong sense of regionalism and a trenchant mythology. More history and heritage than the country gives itself credit for, is mixed with the modern culture and positive attitude of society.
KEY FACTS
RENTAL RETURNS AND TOURISM A predominantly serviced based economy in areas such as, Las Vegas and Florida with tourism the biggest industry. The number of foreign tourists has constantly risen since 2001. A large domestic market gives a fruitful rental potential with rental property in hot spots achieving 97% occupancy rates.
CAPITAL APPRECIATION AND THE PROPERTY MARKET The US property market has expanded significantly over the last 5 years with performance of over 100% asset appreciation. Furthermore in 2006 prices in tourist havens have grown by 20% outperforming hugely the national market which grew at a respectable 8%. Cities like Las Vegas and Orlando sustain their own market conditions due to the pure liquidity in these areas and the predominate tourism markets supplying demand, which is out of the reach for other cities which are not supported by the holiday marker.
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Manhattan, in the News... |
"All markets -- from tulips to tech stocks -- are subject to supply and demand and the housing market is no exception." http://www.canada.com/vancouversun/news/editorial/story.html?id=a79f9e3b-99e0-405c-ac22-05d993a5241b " Skittishness over the US stock market's record-setting rally is reaching a crescendo..." http://www.belfasttelegraph.co.uk/news/opinion/article3044970.ece |

