Optimism for us market

A growing number of overseas property investors are optimistic about the future prospects for the USA property market, with the vast majority expecting to see an industry recovery by the end of the second quarter of 2010, according to a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE)...

Respondents estimated that USA property investment levels will soar moving forward. Overall, 75 per cent of the survey respondents had not yet invested in property this; however, more than two-thirds of them plan to invest some debt or equity in US property before the end of 2009.

A number of survey respondents continue to be optimistic about the future for the property market in the United States, with 31 per cent stating that they were now more optimistic than at the beginning of the year; 16 per cent said they were more pessimistic; and 53 per cent said they felt about the same as at the beginning of the year.

The majority of respondents believe that the property sector in Washington will lead the market recovery, followed in second-place by property in New York, and third place San Francisco. Boston was selected as the fourth city and Los Angeles, fifth.

Source: www.homesoverseas.co.uk/news