property regions in the USA

USA Mortgages

Fortunately, the US mortgage industry is reasonably advanced offering a range of different options for foreign purchasers. However, any mortgage obtained in the USA will be in US dollars, which can cause budgeting difficulties for those whose income is in sterling or some other currency.

Property Regions in the USA

Get a Free Quote US Regions - The Basics
With such a large and diverse country, it is not surprising that the USA offers a wide variety of opportunities to property investors. Anyone looking to purchase in the USA will have to consider the individual state rules and anomalies, before deciding on exactly where they intend to purchase.

Florida
For foreign property investors, Florida has been the focus for several years; so much so in fact that many mortgage providers now specialise in providing mortgages for foreign purchasers who wish to buy a holiday home in Florida.

Florida has the advantage of having year round sunshine and plenty of beautiful beaches, making it a prime holiday destination. The property market in Florida is also booming with prices increasing, on average, by 33 percent over the last 2 years. This buoyant property market is driven primarily by the large number of holidaymakers that flock to the area to enjoy the beaches as well as the theme parks of Orlando!

Florida has numerous gated communities which are sold through the developer, often with their own financing products. Although these communities can prove excellent investments, it is always worth asking your own realtor to negotiate the purchase and financing of the property to ensure that your interests are protected.

California
On the other coast is the ever popular California. Not only does California have fantastic beaches but it is also home to Silicon Valley, one of the largest regions for industrial excellence with some of the richest people in the country living there. Popular regions include home to the stars, Los Angeles and Sacramento, which is part of the commuter belt of Silicon Valley and has a large demand for quality rental property.

New York
As an alternative, there is the buzzing city of New York, renowned for its sophistication and large population of young affluent professionals. Property here is particularly expensive, with a desirable one bedroom apartment costing as much as half a million dollars. Nevertheless, prices in the city continue to rise and there is always a good rental demand for centrally located quality property, ensuring continuing demand.

Summary
Bullet Point The USA is a very varied country and anyone looking to obtain a mortgage and buy in the country needs to consider where exactly they wish to invest;
Bullet Point Florida remains one of the most popular regions, especially for holiday lets, but it is worth being cautious with developers offering their own financing packages;
Bullet Point other booming areas worth a look at for alternative property investments in the USA include California and New York.

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