Investment watch: us property kicks off 2016 with super demand
- North Carolina home to most popular listing on TheMoveChannel.com in January 2016
- US and UK property dominate international interest
- Buy-to-let investments drive demand
- Investors flock to Liverpool in UK
Photo: James Willamor
Carolina may have lost the Super Bowl this month, but its property market has kicked 2016 off with a positive start. Demand for US real estate spread from the usual suspects of Florida, New York and Detroit to North Carolina in January, as a buy-to-let opportunity became the most popular listing on TheMoveChannel.com.
Circle Oaks Village, located near the financial hub of Charlotte, topped January 2016's Investment Watch chart, with more than three times as many enquiries as the month's second most popular listing. The development promised up to 18% net income yearly on a range of apartments, starting from $46,636. All of the smaller units swiftly sold out, with only handful of 3-bedroom apartments remaining by the end of the month.
The USA is no stranger to TheMoveChannel.com's monthly Investment Watch chart, with Bar Works, an office opportunity in New York, attracting the highest number of enquiries in December 2015. The investment continued to prove popular at the start of the new year, accounting for two of 10 most sought-after listings. Together, they helped America to account for three of the month's Top 10 listings, a share only rivalled by the UK.
Britain has proven just as attractive as the USA in recent months, as investors continue to prioritise stable markets with affordable products and consistent returns. The UK's buy-to-let market has been a key driver of interest from both domestic and international investors, particularly in regional cities: Liverpool was home to two of the top listings last month, with studio apartments guaranteeing 8 per cent NET return for two years and Daniel House, a development in the city, guaranteeing 7.5 per cent rental income for three years, both for under £60,000.
Turkey was also home to two of the Top 10 listings, as investors continue to turn to Istanbul for strong yields, a growing economy and steady capital growth.
Spain was the only destination in January's Investment Watch chart to account for a lifestyle listing, emphasising the country's ongoing appeal to holiday home buyers: a "mega lagoon" in Alcazaba Hills was the month's fourth most popular listing, with two and three-bed apartments marketed from €183,000 with 70 per cent mortgages available.
"The USA has been the most popular country on TheMoveChannel.com for the last four months in a row, as investors continue to find opportunities in Detroit and New York," comments TheMoveChannel.com Director Dan Johsnon. "Now, demand is spreading from the usual suspects, such as Florida, to include destinations such as North Carolina, which is testament to the strength of the country's real estate.
"Charlotte, in North Carolina, was highlighted as the third US Market to Watch in 2016's PwC Emerging Trends report, while 17 of the Fortune 500 companies are headquartered in the city, making it an affordable alternative to more established markets. With strong demand for accommodation and high yields achievable, Carolina may have lost the Super Bowl, but it's kicking 2016 off with a positive start for US property."
The Top 10 most popular property listings on TheMoveChannel.com in January 2016 are below.
Notes to Editors
About Lead Galaxy and TheMoveChannel.com
Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 800,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.
TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.
The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.
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