US property shows increase in key Davenport selected areas

Posted on August 25, 2012 · Posted in Uncategorized

The Davenport selection of US properties are investments which rely soley on high net yield levels and are backed up by strong local lettings markets have also shown recent capital growth. 

Florida property

doo (francis) via Flickr”]MIAMI SUMMER 07 #20

Overall home values jumped by 1.2 per cent last month compared to 2011, according to Zillow's latest report, with Phoenix at the top of the pack, with values soaring by 13.4 per cent. Detroit and Denver were close behind, just ahead of Florida's Miami metro.

And the increases spread further than that: 62 percent of the metros covered in the reports saw home values climb during July, with only 49 of the 167 metro areas experiencing declines.

U.S. rents also continued to rise, climbing 0.2 percent month-over-month and 5.4 percent year-over-year. Nationally, rents have increased in 6 out of the past 12 months, with most metros (70 percent) experiencing rent increases from June to July. 

Rents have experienced double-digit, annual increases in several large metro areas where home values continue to decline, including Chicago (12.6 percent), Providence, R.I. (12.1 percent) and Baltimore (11.9 percent).  This is likely due to both continued high foreclosure levels in these markets, which increases rental demand, as well as consumer reluctance to buy when home values continue to fall….More at Florida property prices see fourth biggest increase as US recovery continues

These kinds of results back up our belief that carefully selected areas in the US real estate market represent a strong offering which holds promise for the future. 

To see our selection of pre-vetted and tenanted properties for sale, browse our investment range by clicking here.