2012-02-13 12:48:50 - Already highlighted by market commentators as ‘ripe for investment’, further improvement is showing in Detroit’s housing market.

The US property market is now officially improving, that’s according to the National Association of Home Builders/ First American Improving Markets Index (IMI). February is showing signs of further improvement with the inclusion of 29 more cities whose local market has increased, the most notable amongst those being the Michigan City of Detroit. This puts nearly 100 markets on the improving list.

The US property market is by no means fully recovered (good news for incoming property investors), but the IMI points out where employment, home prices and housing production are no longer dropping and have held above their deepest recession point for over six months. Detroit is now featuring on the Index, indicating that its market has turned a corner.

Market

commentators have already stated that Detroit is displaying signs of being ripe for investment, particularly for buy to let. House prices remain low due to foreclosures and rental demand is high. There is also investment protection from the US Government Section 8 Scheme.

The US Government’s Section 8 Housing Program is a scheme to assist the elderly, disabled, and low income families to ensure they can all live in safe, high quality housing. This gives the property investor Federal Government backed assurance of their rental income being paid. Property owners enjoy secure tenants and on-going rental returns all hands-off and hassle-free. Now as Detroit enjoys strong economic recovery, investors can benefit from subsidised rents, growth over time and reselling at a high profit back into the local market.

It can be easy to get caught up in the red tape of purchasing property abroad, but the US offers a more straightforward investing approach than a lot of other countries. Non-US investors can purchase property in the US (selling for below $500,000) on the same basis as an American citizen.

Barrasford & Bird Worldwide are delighted to offer an extensive portfolio of properties across Detroit, with a guaranteed rental income and prices to buy a property around $50,000. Contact us now to view a full investment portfolio of properties available.

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About Barrasford & Bird Worldwide:
Industry professionals since 2003, AIPP Founding Members Barrasford & Bird Worldwide have successfully handed over more than 2500 properties to their customers in a wide variety of countries, from Bulgaria to the Caribbean. Barrasford & Bird now builds and manages its own luxury resorts in a selection of destinations including Greece and France.
Contact Information:
Barrasford & Bird Worldwide
14 Plymouth Road, Tavistock, Devon, PL19 8AY, UK
Freephone 0800 1 303 101
Landline 00 44 (0)1822 611 116
Email: info@bandbw.co.uk
Web: www.bandbw.co.uk