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The United State of America is one of the most influential countries in the world, with a population of over 300 million and a land mass in the region of 9.6 million km2. The country is made up of fifty states, one federal district and fourteen additional territories, although the country’s influence and power spreads far wider. |
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While the US property market is very diverse , offering every kind of property and area you could ever consider, there is no doubting than in general property has been in vogue for the last 4 or 5 years. The returns on property have been enormous, with double digit annual increases the norm in many areas of the country. Like the various stock market rise of the past, each and every American citizen seems to have profited from the rise in property - but where will it all end? |
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The process for buying a property in the States actually mirrors the US thirst for short cuts and cutting out the middle man, with a vast number of purchases actually completed without the need for legal representation. For those who thought the UK property purchase process was fairly straight forward, the US is in a different league. |
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As we approach the half way point of 2007, the immediate outlook for the US property market is not encouraging. While many home owners continue to live the dream, often ignoring bad news along the way, there are signs that a major reality check will soon be on the way. While it will be no bad thing in the short term, many US residents will be financially scarred for years to come - and as mentioned above, a massive 1.5 million are expected to lose their homes in 2007 alone.
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USA 
