Brits looking into international mortgages might be able to pick up a bargain property in the US.
With the dollar currently weak against the pound, now is a good time for anyone spending sterling in America.
According to Buy Association, this goes for property too, with the firm suggesting that a purchase in the States would be a "very profitable investment".
The firm did note that any such investment should be done as a long-term project as this is the timescale for it fully paying off.
"If you are investing in a property in the US - and there are many reasons to do so – you are looking at a medium to long-term investment which, if you are looking over those periods of time, could prove to be a very profitable investment," editor Paul Collins said.
The expert added that while the US property industry is still in a state of gradual decline, now could be a particularly good time to invest as a turnaround is surely not far off.
Meanwhile, the Joint Centre for Housing Studies recently reported that homeownership rates in the US fell below 67 per cent in 2010.
US mortgages might be wise move for British investors
Fri, 10 Jun 2011
