Call Us Today:: +44 (0)207 100 2393"
Call Us Today:: +44 (0)207 100 2393"
When the United States sneezes, the rest of the world catches a cold.
The United States economy is the largest in the world. Its gross domestic product (GDP) was estimated at $14.3 trillion in 2008. The U.S. economy maintains a high level of output per person (GDP per capita, $46,800 in 2008, ranked at around number ten in the world). In 2008, seventy-two percent of the economic activity in the U.S. came from consumers.
The US economy have benefited due to the economic freedom afforded to the private sector. The government encourages low levels of regulation, as well as a court system that generally protects property rights and enforces contracts.
The US property market is the world’s biggest. Much of US consumer wealth is tied to the value of their homes.
The USA property market has recently seen property prices falling by around 70% over the last two years. Foreclosures are at an all time high due to the economic challenges and the tightening of credit.
The eagle-eyed property investor is now looking to purchase property at these hugely discounted prices. Cash purchasers who are looking to grab a bargain are driving the USA real estate market.
However, mortgages are starting to be made available, as such; we expect to see a sharp increase in demand for USA real estate in the near future.
Useful real estate websites may apply to get a link, a reciprocated link will be highly appreciated.
Useful websites may apply to get a link, a reciprocated link will be highly appreciated.
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