Hartlepool, England United Kingdom (PressExposure) November 26, 2008 -- Lawrence Yun, chief economist of the National Association of Realtors, told a press conference that the number of international buyers operating in the sector "may be doubling over the next ten years". Yun also noted that 21 percent of US realtors believe there are more overseas buyers operating in the sector than there were five years ago, with a survey by the association revealing almost half of properties bought have been in the southern states.
Liam Bailey, chief market analyst for overseas property portal Property Abroad gave his views on the findings:
"This was always going to happen, it began about 5-6 months ago when the dollar began dropping severely against the pound and the US was one of the biggest climbers of A Place in the Sun's overseas buyers survey for 2008. At that time I was regularly quoted as saying that the upsurge in US popularity was so great, and had such momentum that it, in itself was capable of generating a US property market recovery in the most popular areas."
One such popular area, as identified by the US National Association of Realtors is the southern states, including Florida.
Property Abroad have some excellent properties in Florida, including, for those on a limited budget: an amazing two storey, two bedroom, town-house for just Â£65,000. The property has a private courtyard, massive living room and dining area with breakfast bar and the upstairs master bedroom has a superb en-suite bathroom. It also has Powder rooms with laundry facility on the main floor, a new roof (still under warranty), new air/heat combination (also under warranty) and a new digital thermostat.
As part of a community the buyers will enjoy use of the community swimming pool and tennis-courts, the fees for which are just $80 per month - this also includes maintenance of the gorgeous grounds and sprinkler system. The property is fantastic value because it is just 60 miles from Disney World.
Property Abroad has hundreds of American properties, throughout all the most popular states; visit the site to find out more.