US property prospects ‘better for those moving abroad’
Those keen on living in the US can find many more bargains than used to be the case, it has been stated.
Director at property firm Mayfair International Realty Annette Reeve said: "Prices are down so much and you can get such good buys."
She commented that US government figures out this week showing an 11 per cent rise in new home sales in June revealed that stimulus cash to help lower-income families get on the housing ladder is working.
"If you start at the bottom it filters its way up through the market and I think that is having a good effect," Ms Reeve remarked.
Such considerations may encourage those keen to change their life by moving to the US.
The figures for new home sales, which were produced by the US Census Bureau and the department of housing and urban development, said 384,000 such dwellings were purchased last month, compared with 346,000 in May.
Written by Andy Price