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US 'offers a good buying opportunity for Brits'

Thursday, September 02, 2010

Source: Catherine Deshayes

US property offers a good buying opportunity for Brits, according to one expert, people looking for Florida property may be interested to hear...  

According to Mayfair International Realty, there are bargains to be had in the nation, with figures showing that home sales in the US are slowing, meaning people are open to offers from buyers.  

Annette Reeve, director of Mayfair International Realty, said: "The concept still is that house prices there are low and maybe people are going to go out there thinking: 'Oh good, I'll get a bargain'. If vendors are reading these reports and then a Brit comes in and says: 'Here's my money. Take it or leave it', maybe they will get a good buy and maybe the sellers will take a bit of a drop."  

She added that reports of falling house sales are unlikely to put Brits off buying property in the US, however, she advised that their purchases should be reasonably priced.  

Figures from the National Association of Realtors highlighted that US existing home sales fell by 27.2 per cent in July to a seasonally adjusted annual rate of 3.83 million units.  This follows a drop of 25.5 per cent over the past year. 

Source:www.propertyshowrooms.com