Amidst the doom and gloom, concern and confusion surrounding the US government’s response to the coronavirus pandemic, foreign investors seem to be looking more long-term. Even prior to the coronavirus pandemic, the US real estate market was seen by many foreign investors as “the” market to be in during 2020. Despite the threat of a significant economic hit, it would appear that the vultures are already hovering ready to swoop on bargain buys.
Cheap finance
The world is currently awash with cheap finance and, if property prices do fall significantly in the short to medium term, rental yields could become even more attractive. The truth is that whether via government financial assistance or utilising employment income, everybody needs somewhere to live. It is highly unlikely US, never mind worldwide, interest rates will rise significantly for the foreseeable future. As a consequence, as markets do eventually start to pick up after the pandemic is over those liquid investors brave enough to buy at the “bottom” could see a significant revaluation in their assets. Continue reading “Property investors eyeing US real estate bargains”