Is now the time to invest in Buy to Let Property in Atlanta. US Rental Demand is on the Increase How Can you Benefit?
So its definitely happening in the UK at the moment. The rental markets here are buoyant, ask any letting agent near to a major city in the UK how the market is and they will tell you its highly active and competitive, I have even heard of people conducting closed bids on rental properties in the South East or England landlord have not had it this good for a long time! Much the same seems to be happening over in the US at the moment. A nervous population, ,struggling with the economic climate coupled with low mortgage availability and high requirement for cash deposits to be invested into property have forced many into rented accommodation and the trend looks set to continue.
We have have seen it happen in the UK and this has corresponded with a direct link to the number of buy to let landlords entering the UK market place seeking to capitalise on the current environment. They are seeking strong rental yields and many are seeking to hold for potential capital growth when markets start to recover.
In the US property Market currently there are a number of foreclosures and special property situations that can offer buy to let landlords higher rental yields than the UK and huge potential for long term capital growth. Values in some parts of the US have been significantly depressed when compared to the falls in the UK market and offer a situation rarely seen, buy to let investors can acquire properties at significantly reduced capital values with professional tenants in place providing for strong rental returns from the outset.
Gower & Mae have access to high quality large family homes in the Atlanta area. We can offer Atlanta Buy to Let property which have been foreclosed, renovated, tenanted and have experienced management agents in place to look after the properties. The tenants we have secured are professionals seeking family friendly neighbourhoods who have aspirations of purchasing the properties they rent. We know this from the fact that these tenants are prepared to secure the properties they rent on lease options agreeing a figure that they will purchase the property at after 3 years of rental (yes we can also offer a 3 year rental contract) and paying a premium to do so. The properties we are working with are typically providing 10% NET rental yields, after all costs you can make a fantastic return on your capital and you have a motivated tenant who could buy the property from you in 3 years time. If your a landlord or property investor it may be worth looking into this market as one that can offer an alternative to another UK buy to Let property. If you would like to know more about the properties that we can offer please contact us by visiting our Buy to Let Atlanta Property page and register for additional information.
Below is an article highlighting the current rental demand and demographic situation in the US, so we ask the question again is now the time to invest in the US rental Property market? We will let you decide.
The Share of privately owner US homes fell to a 15 year low in the first Q as falling house prices and stringent lending conditions push younger Americans in particualr into renting. The homeownership rate slipped to 65.4 percent, the lowest since the first quarter of 1997, the Commerce Department said on Monday, with the rate for Americans under the age of 35 dropping to an 18-year low.”You are seeing the perfect storm of age, financing and the business cycle coming together to push down the homeownership rate,” said Steve Blitz, chief economist at ITG Investment Research in New York.The homeownership rate, which was measured at 66.0 percent in the fourth quarter of 2011, peaked at 69.4 percent in 2004 at the height of a housing market boom fueled by cheap credit.The collapse of the U.S. housing market bubble triggered the 2007-09 recession. With house values tanking, many – especially the younger generation – are rethinking the so-called American dream of owning a home.House prices have dropped about 32 percent from their peak at the end of 2005, leaving millions of Americans with properties worth far less than their mortgages and forcing many others into renting.In the first quarter, the median asking sales price for vacant homes on the market was $133,700, the lowest since the first quarter of 2005, the Commerce Department said. That compared with $133,800 in the fourth quarter.The homeownership rate for those aged 35 and under fell to 36.8 percent in the first quarter, the lowest since 1994.This group was seen as the hardest hit by the recession, driving many into their parents basements or to share lodging with friends and relatives.