by Rayaz Siddiqi
Amongst other things, Florida is famous for being the most popular location in the US for Brits buying second properties, for rental and investment. But now it seems that Buffalo could be the new Florida when it comes to property investments!But you may be wondering why anyone would want to invest in Buffalo, well read on…..

Exchange Rates

The pound/dollar fluctuation is an important factor. When the pound strengthens, UK buyers have greater buying power, when the pound weakens, the same buyers rental income is higher, a win-win situation.Rising

House prices

Whilst the rest of the US and the UK are suffering from 10 years of over inflated property prices, Buffalo and other parts of Western NY have kept their noses clean and out of trouble. No ‘boom and bust’ here - a steady increase of 5% a year with a healthy supply of good rental property has kept things ticking away nicely and housing values are on the rise.

Rent in Peace!

Unlike the UK and certain parts of Europe, everyone in Buffalo is not obsessed with buying a property; this is a “happy to rent” society. For nearly 65% of the population rent in Western New York, renting is commonplace and not governed by salary and education. It’s simply the done thing.

Inflation

Rental inflation is far higher than previous property price inflation, which is why the properties have net yields in excess of 25%.

The Special Relationship

US law is predominantly based on UK law and this makes investing in the US so much easier for UK investors. The same types of processes and procedures they encounter when buying a property at home in the UK are present when they buy in the US, so there are no nasty surprises.

Two Countries Divided by a Common Language

We speak the same language, even if the accents can be slightly different! Many investors will tell you how difficult it is to navigate through the buying process in places like Eastern Europe where English is rarely spoken.Forbes EndorsementForbes recently voted Buffalo as the 4th strongest housing market in America; for existing investors in Buffalo, this is music to their ears. For potential investors, this is a big draw.

So there you have it, the main reasons why I (and other experts) recommend you invest in Buffalo; but even though things are straightforward, you still need someone to help make the process even smoother and to source the right properties for you. So contact me now to get your free 30 minute telephone consultation with no strings attached.

Rayaz Siddiiqi
http://usapropertyinvestor.4cees.com

Article Source: Is Buffalo the New Florida!