With the local economy and job creation growing at a ‘blistering’ pace, property in Houston is in seriously short supply. Latest figures point to one of the lowest inventory levels in a city where rentals are perhaps the only way of satisfying demand.
Three recent surveys have revealed that financial and personal circumstances lead many Americans to favour renting a property over buying one. The tendency towards more single households, the perceived barrier to mortgage loans and the flexibility afforded by a rental all point towards continued buoyancy in this sector of the US property market.
Luxury residential property remains a favourite asset with investors who have shifted their attention to North America over the last year. Four American cities rank among the highest performers, all recording double-digit growth, confirming the continent’s strong appeal as an investment destination.
Florida has long been a favourite with investors in US property who are consistently drawn to the state’s year-round pleasant climate, stunning coastline and affordable prices. Recent research consolidates Florida’s position as one of the best places in the US to buy beach property.
