US property bargains 'can be found'

13 January 2012

Brits can get good value for money in the US when looking for property investments, according to an expert.

Liz Rowlinson, editor of A Place in the Sun Magazine, explained that although the US dollar was quite strong – making it a "deterrent for sterling buyers" – there were bargains to be found.

She suggested that Florida was particularly fruitful for would-be property investors as an extensive number of repossessions had taken place.

"Some people are saying in the US that the bottom of the market hasn't quite been reached yet because there are all these repossessions in the pipeline that haven't surfaced, which might actually drag the market down a little further," Ms Rowlinson added.

"Other people are saying that the bottom of the market is where we are at now and prices aren't going to fall further."

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Posted by Graeme Pieterson

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