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Top 4 US Cities British Investors Are Embracing

Written by Posted On Thursday, 11 January 2018 16:04
According to data from the Census Bureau’s Survey of Construction (SOC), 59.8% of all US homes started in 2016 were built within a community or homeowner’s association, and in 2017, the US started witnessing a new British invasion with certain cities feeling a surge in British investment in single-family home communities.
 
Commenting on those findings is Investorist, who has seen an increase of demand from UK investors looking to park their money in single-family homes across 4 particular US metropolitan cities, with Chicago and Boston topping the list. In fact, out of the top 10 International markets viewing US single-family home investment properties on Investorist, the B2B global marketplace, the UK comes in at #3, following China and Colombia.
 
With that said, below is a list of top 4 US cities that have successfully succumb to the British embrace, their main investment drivers, and the price points that steer them there.
 
Main Investment Drivers: 
- Strong Anglo-communities
- Markets with long term rental opportunities
- Reasonable, profitable and diversified play for any investment portfolio
- Stable investment which offers relatively low interest rates, low inflation, and a rising economy.
 
Main Cities Of Interest:
1. West Coast: Palm Springs, California
Specific Investment Drivers: Ideal, ripe year long warmer weather, attractive golf-communities, and accessibility to to London travellers with British Airways, Virgin, United and American all flying to LAX from the London airports.
Property Type: Single-Family Homes
Sweet Spot Pricing: $600,000-$700,000
 
2. Mid-West: Chicago, Illinois
Specific Investment Drivers:Chicago’s many parks, free zoo, vast lake, hip restaurants, seemingly endless festivals and amazing architecture have all helped to create a busy British community of 500,000 people employed by big names like HSBC, Aviva, First Group and Dyson.
Property Type: Single-Family Homes & Condos
Sweet Spot Pricing: $700,000-$800,000
 
3. East Coast: Orlando, Florida 
Specific Investment Drivers: Proximity to international attractions like Disney World, highest amount of annual visitors as compared to major cities such as NY and LA, warmer weather, long-term rental market opportunities with tourists regarding vacation homes, in addition to incoming residents needing permanent housing.
Property Type: Single-Family Homes & Townhomes
Sweet Spot Pricing: $500,000
 
4. North East: Boston, Massachusetts
Specific Investment Drivers: Boston’s British connection goes right back to its origins in 1630, when Puritan colonists founded the city on the Shawmut Peninsula and named it after Boston in Lincolnshire. The ever popular Fanueil Hall is also one of Boston’s many buildings done in a British style, with the 19th century center of the city having a very British appeal to it. Nevermind the abundance of properties close to schools and public transportation which historically give out the best returns on investment and inherent positive cash flows.
Property Type: Single-Family Homes
Sweet Spot Pricing: $700,000-$800,000

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