As the US economy and job market register full recovery levels, demand for housing is soaring. As a result, property inventory levels are tight across the board creating strong demand for new builds. However, developers currently face one major obstacle – the severe shortage of building land in the US. This latest BRIC Group article provides the full picture.
More households are choosing to rent US properties in the suburbs than city centres across the nation as a whole. In addition, the renter population continues to grow and outpace the supply of properties available to rent. These latest figures confirm the potential behind buy-to-let property in the US as this BRIC Group news article explains.
US rental properties are a top priority for baby boomers who now represent a significant proportion of those renting rather than buying. As this BRIC Group news article reports, this has big implications for the market generally and reinforces the potential for buy-to-let investment in US property.
A recent nationwide survey finds that rental demand for US property is set to continue. Pressure from new demographics and a changing economic scenario mean that the supply of rental properties in the US will remain well below demand.
“It’s a good time to be a landlord,” Florida Realtors news sector announced recently in an article explaining how rental properties in the US offer excellent long-term investment. The short-term return might not be as high as quick sales of US property but buy-to-let investment does secure long-term wealth.
Investors looking at the US property market next year can expect a virtual repetition of this year’s figures. In a nutshell, 2016 will see more high sales and price rises along with continued increases in rental rates and low vacancy levels within the rental market.
Property investment at global levels continues from strength to strength this year despite economic uncertainty over the Greek bailout and the Chinese stock exchange crisis. Transaction volumes rose by 9 per cent in the second quarter of this year with the US occupying the position as favourite investment destination. Demand was particularly high among investors for rental apartments in the US.
Average rental yields on US property showed mixed results during the first five months of this year. Some counties registered year-on-year rises, whilst in others there were slight decreases as the housing market stabilised. However, overall, buy-to-let property in the US continues to be “a brilliant strategy”.
A new report on homeownership and household formation reveals some interesting findings regarding the market for rental properties in US. It finds that although new households are set to rise, the number of renters will greatly outpace the number of homeowners. This has considerable implications for buy-to-let properties throughout the US between now and 2030.
Buy-to-let properties in the US continue to provide excellent returns for investors with the highest growth in rent for six years. Among the areas in the US showing the highest returns are three Florida cities with Orlando rentals seeing the biggest rise nationally.