Property investors 'get more for their money' in US

18-Apr-2007

Property investors - which may include first time home buyers looking to invest abroad - may be able to get a better deal and "more for their money" in the US, an expert has claimed.

According to Paul Collins from BuyAssociation, a consumer advice specialist, as a result of sterling's dominance against the dollar, combined with a downturn in the US property market, property investors - which may include first time home buyers - may now find the US to be a good location to invest in.

A better deal may also be possible with the use of a currency specialist, according to the firm.

"Put simply, it means that UK investors will get more bang for their buck," said Mr Collins.

"The downturn in the market also means that investors may be able to drive a harder bargain than may previously have been the case," he added.

However, despite the downturn in the market, BuyAssociation believes a surge is likely as a result of the strong position of sterling.

To find out more about buying a property abroad to get onto the property ladder click here.

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