A new report on homeownership and household formation reveals some interesting findings regarding the market for rental properties in US. It finds that although new households are set to rise, the number of renters will greatly outpace the number of homeowners. This has considerable implications for buy-to-let properties throughout the US between now and 2030.
Property sales and prices continue to rise in Houston while inventory levels remain well below the national rate. This added to high rental rates and the recent stabilisation in oil prices leads experts to predict a seller’s market for Houston property for what remains of the year.
With most countries finally emerging from the crisis, consumer confidence on the increase and low interest rates in many key locations, international property is on track for an excellent year. Investment volumes are growing, new developments on the increase and rentals struggling to keep up with demand. Key property investment markets for this year include the US, London, New York and Europe’s recovering economies.
The recent Brazilian Tourism Market held in Ceará confirmed the appeal of Northeast Brazil to both national and international buyers. The number of meetings and volume of business reached record levels with big interest in the region from international markets. In separate but equally significant negotiations, the Port of Pécem in Ceará reached a landmark agreement with the Italian port of La Spezia.
As any savvy investor knows, the ideal time to purchase an asset is when prices are low. With currency exchange rates at their most favourable for foreigners in a long time, Brazilian property stands at its most attractive. So argue experts from the Brazilian property sector and – judging by record lending figures for April – so do Brazilian buyers.
Florida continues to dominate US foreclosure listings, topping the rankings for both activity and number of properties. However, improved conditions in the Florida property market are starting to make their mark on foreclosures where properties are no longer well below market price or as plentiful.
Buy-to-let properties in the US continue to provide excellent returns for investors with the highest growth in rent for six years. Among the areas in the US showing the highest returns are three Florida cities with Orlando rentals seeing the biggest rise nationally.
Figures for tourism in Florida continue to smash records all round. Visitors for the first quarter this year were the highest for a three-month period ever; Orlando set a historic high for metro areas in America; and revised statistics for last year, show that those on holiday in Florida were nearer the 100 million mark than originally calculated.
A recent survey of the huge millennial generation in the US (Americans born between the 1980’s and 2000’s) reveals that the majority prefer rental property and aren’t ready to buy a home yet. Millennials also state a strong preference for neighbourhoods with easy access to amenities and claim they’re highly mobile. Single family homes make up a significant proportion of millennial rentals, highlighting the investment opportunities in this type of US property.
Yet again, Florida ranks among the best states to do business in the US according to the annual Chief Executive magazine survey. Florida came second in the nationwide ranking and stands poised to take the top spot from Texas to become the best place in the US to do business.
Visitor figures for the first quarter of 2015 underline Ceará’s status as an up-and-coming tourist destination. The 30 per cent increase in number of foreign visitors confirms Ceará and its capital Fortaleza is one of northeast Brazil’s top holiday spots. On the back of these promising statistics, state tourism officials are in advanced negotiations with cruise companies and airlines to further the expansion of tourism in Ceará.
Spring usually sees the busiest time in the property year and the US market is no exception. As the country’s economy moves firmly forward and creates employment opportunities, US property follows suit. Activity levels are so high in some parts of the US that some experts are predicting the best spring since pre-crisis years because of these five trends.
Highly favourable exchange rates and excellent real estate opportunities in Brazil are drawing some of the world’s largest investment companies to the country. Major players on the international property scene are buying big stakes in development companies and property itself.
With less than 500 days to go, Brazil and the Brazilians are ahead in the game for the Olympics in Rio de Janeiro next year. A recent inspection by Olympic federations praised the city’s preparations and forecast a very special event. Brazilians themselves have taken wholeheartedly to the Games and pre-ordered over 2 million tickets.
The Florida property market continued to show solid and sustainable growth in March, a month that notched up the state’s 40th consecutive rise in median houses prices. Closed sales also boomed while inventory levels dropped nearly 10 per cent.
Property in Jacksonville in Florida has been ranked by JWD Group as the best in the US for investment this year. The city’s combination of advantageous price-to-rent ratios, a strong economy and good potential for property appreciation takes it to the top of the list for best investments.
