The US property market is starting to recover, with leading economists predicting that 2013 will see modest growth in home prices, in line with the rise already seen over the last six months. Leading the way is renowned US investment guru Warren Buffett – one of the most successful property investors in the world.Buffett has obtained a majority stake in an American estate agent through his fund – Berkshire Hathaway, in addition to other investments in the housing arena, giving confidence to investors the world-over that the US property market is back! The property crash wiped as much as 50% off the price of houses in some states, allowing funds and specialist firms like Mr. Buffet and Knight Knox International to source good quality properties in desirable areas, at a fraction of their original price. As the market becomes more sustainable, investors are in a race to secure the best deals available while prices are still at a level to allow a sizable return.
“Our current US stock is some of the best on the market”
“Our current US stock is some of the best on the market”, comments Matt Lavin, Senior Property Consultant at Knight Knox International. “We always ensure that we choose projects in locations that are financially viable for investors. For example, The Villas at La Cita – not only does the site deliver the strongest possible NET rental returns each year for investors; the community is also very close to a wide range of attractions including golf courses, beaches and national parks. These elements combined offer investors both strong annual rental profits and solid capital growth prospects as the marker begins its recovery”. Lavin further comments “In addition to the suitability of the area, there is an on-site rental management team to deal with all tenant requests, which gives our investors the peace-of-mind that their investment it being professionally dealt with on-the-ground”. Knight Knox International has a wide range of properties in Florida that deliver strong rental returns and capital appreciation in numerous locations throughout the State.
The Villas at La Cita, Cape Canaveral, Florida – from £27,036
One of the hottest developments to hit the market, The Villas at La Cita have attracted an unprecedented amount of interest, so much in fact, that 35 units were sold in the first week alone! Knight Knox International has a final allocation of 20 units scheduled for Monday 19th November, and is advising investors to register their interest immediately to avoid disappointment. 1-bedroom condos start from as little as £27,036 and are currently generating 10% NET returns.
The Palms Club, Orlando, Florida
Only 20 minutes from the airport and Walt Disney World, The Palms Club is a beautiful gated community comprised of a range of 1, 2 and 3-bedroom condominiums and a wide range of high-end facilities and amenities to ensure that residents’ needs are catered for on every level. One of the most attractive price points for a secure gated community in the area, one-bed condos start at £53,343; almost 60% lower than peak of the market pricing, allowing investors the opportunity to secure a distressed property that will deliver a strong return year-on-year.
Mirabella Apartments, Orlando, Florida
Offering solid rental returns for cash investors, these sumptuous 1, 2 and 3-bed apartments are designed for long-term rental only and offer strong capital growth prospects. Starting from £59,683 for a 1-bed condo, owners can be reassured by the presence of an on-site management team taking care of the day-to-day rental management of their property and the large range of facilities available for residents, which provides all the convenience of a small community in one location.
For further information on the wide range of US properties available through Knight Knox International please contact +44 (0)161 772 1370.