Cash in with the Obama Factor

With shorter flights, falling house prices, year-round attractions and of course the Obama factor – buying property on the east coast of the US and Canada is back in fashion. Flights from London are around eight hours to Miami and only five hours to Boston and New York. As a result, there are large numbers of new homes across the East coast being marketed to Britons.

Overseas Homes Forever have lodges and apartments at Sugarbush Ski resort (where all the Studios have already been snapped up) which provides all year-round attractions: skiing in Winter and a golf haven in Summer, from just $329,483.

Sales of new homes across the US - for overseas holiday buyers and owner-occupiers alike – have suffered badly sice 2006, so most developers are offering deals, just as in Britiain. These reductions more than compensate for the sliding exchange rate, with some properties at prices not seen since 2005 and 40 - 54% lower than a couple of years ago with the best bargain to be found within Florida.

The most popular properties for sale are pool homes (4 bedroom houses with a garden and pool) from $152,900 to $355,000. Investors are increasingly active, so Britons wanting to invest stateside should act fast. A growing alternative to the US is the accessible east coast of Canada.

For further information about any Florida properties or New England properties please call or contact Overseas Homes Forever.

Extracts courtesy of the Overseas Property Daily Mail - 13.02.09.