USA Investment and Holiday Home Surge in Sales
According to the National Association of Realtors buyers of USA investment property rose 64.5% to 1.23 million in 2011 from 749,000 in 2010.
Second home property sales were up 7% to 502,000 in 2011 from 469,000 in 2010 and accounted for 11% of all transactions in 2011 up from a figure of 10% in 2010.
The corresponding figures for investment property sales being 27% in 2011 up from 17% in 2010.
With USA property prices declining 50% since the peak of 2006 buy to let returns are now some of the highest in the developed world and many cash rich investors are taking advantage of this situation.
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