Sentiment will then gain momentum as banks feel confident enough to lend to buy property, foreign investment in U.S property increases -as we are already seeing – and this eventually filters down to the average person on the street.
(PRWEB UK) 23 July 2012
Commenting on the uncertainty surrounding whether or not the USA property market has reached its bottom, analysts at Colordarcy.com advise investors to look at factors that will drive recovery rather than focusing too much on history.
Colordarcy.com point out that property markets are more likely to be in recovery when influential people or companies decide to enter it in a meaningful way.
This is what we are now seeing happen in the U.S property market.
First it was Warren Buffet’s firm investing $3.85 billion to the bankrupt housing finance and loan business owned by Residential Capital LLC.
Then in July Blackstone Group LP, the biggest buyer of U.S commercial real estate since prices hit bottom, are also turning their attention to the residential side of U.S property.
The company has invested a staggering $250 million in buying foreclosed single family housing in the U.S. Their aim is to rent them out to those who are unable at the moment to secure themselves finance to buy homes, or who perhaps choose not to buy out of fear. (Source: Reuters, July 2012).
The above investments are the tip of the iceberg according to Colordarcy.com, however they generate interest further down the chain and help other investors who may be sitting on the fence to believe in the existence of a recovery.
Loxley McKenzie, Managing Director of Colordarcy commented, “Sentiment will then gain momentum as banks feel confident enough to lend to buy property, foreign investment in U.S property increases -as we are already seeing – and this eventually filters down to the average person on the street who feels confident enough to invest in a home again.”
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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