Boston, MA (PressExposure) January 24, 2012 -- A growing number of European investors could be turning to US real estate as an alternative investment this year, according to Alternative Asset Analysis (AAA).
The assertion comes in response to a report in the US about the popularity of US real estate among European investors who are growing less and less trusting of European assets. AAA, an alternative investment advocacy group, said that it is easy to see why US real estate could be more attractive than European real estate at the moment, in light of the ongoing Eurozone crisis.
"Quite simply, Europeans are finding it difficult to hold any confidence in their joint currency and its value," stated Anthony Johnson, AAA's analysis partner. He added "if the worst should happen and the Euro collapses, so could several property markets, and the value of the currency itself of course."
Economists in the US claim that Las Vegas is proving a particularly attractive option due to its 'brand'. Jed Kolko, a property analyst working for Discovery Bay in California, told the Las Vegas Review Journal: "The United States in general looks like a safer investment bet than Europe."
He added that property prices in Las Vegas have also dropped to very appealing levels in the past few years, with some having fallen by 60 per cent from their peak before the recession took hold.
Kolko added, "There are great deals in Las Vegas. San Francisco is also a global destination, but there aren't great real estate deals like you have in Las Vegas. So it's a combination of global destination and affordability,"
AAA supports all kinds of alternative investments, with emphasis on ethical schemes in developing countries. An example is the forestry plantation investment scheme run by Greenwood Management in Brazil, which gives investors the chance to buy up small sections of plantations, on which non-native managed forests are grown under a sustainable model.