So why are investors heading to Detroit to secure good yielding property investments?
Well here are three recent news items which show encouraging signs that at the moment Detroit real estate for sale is an excellent investment option.
Detroit was in the top 10 affordable US markets.
This is encouraging as it shows a big and wekll known property agent is actively interested in Detroit and that you can purchase a nice house for exceptional value.
Wed 23rd Sep, Coldwell Banker, press release
Detroit Update: Finally Some Good News?
As well as other points including good business performance it was stated that General Motors plans to expand production at three of its manufacturing facilities and for the nearly 2,400 workers that will be invited to work on the third-shift line, the news is the best they have heard in a while.
offshoreinn.com, 23rd Sep
Residential Property prices have troughed in US, many economists believe.
The article stated that residential property prices in the US are nearing the end of a three-year slump and should rise in 2010.
Propertywire.com, 24th Sep
According to overseas investment property experts Experience International Detroit is an ideal property investment.
With there partners in Detroit, Experience International offer a packaged investment which guides investors through the entire process of finding and refurbishment of a suitable property to helping get tenants via the US Government backed HUD programme.
At the moment Detroit investment property can be purchased at very low prices, with rental yields at over 20%. Along with the high rental demand, Government backed rental income and full, professional management then it is easy to see why current Detroit real estate for sale is an attractive investment option.
Watch this video to see examples of Detroit Real estate for sale and the process of refurbishment.
Detroit Real Estate For sale Video
Experience International further state that the package they offer is an ethical investment opportunity that;
‘recycles’ houses, turning foreclosed (repossessed) and uninhabitable houses in the USA into refurbished, clean, safe homes for employed – low income families. This provides a much required service to a region struggling with a shortage of 30,000 rental homes.’
So as you can tell Detroit property is definitely worth close consideration and could be an excellent part of every investors portfolio. For further information and to download an exclusive investor report then visit www.detroit-property.co.uk