Us investors ‘branching out'

Property investors intending to make a purchase in the US are increasingly looking beyond Florida....

That is according to the director of Mayfair International Realty, Annette Reeve, who claims that while 90 per cent of foreign investors in the country purchase property in the Sunshine State, some are now looking elsewhere.

Specifically, she highlighted locations such as Savannah and Charleston in South Carolina, which are home to some "lovely resorts", alongside New York State.

Ms Reeve commented: "Florida is still going to be the number one place, certainly for second homeowners, but people are looking at other parts - they are looking at ski resorts and New York.

"You can fly in and out of New York for not a huge amount of money and some of the upstate parts ... are lovely, so that's quite popular."

Source: www.axiafx.com