Play the video and walkthrough our latest Detroit investment property.

The Detroit News has reported that in 2011, Detroit property vacancies saw a steep decline in all eight of the city’s main areas.  Great news for landlords in Detroit, the demand for buy-to-let investment is set to gain pace as the city’s recovery continues.

The slow recovery of the housing market combined with ridged mortgage lending has contributed to the rise in rentals, with many people opting to rent rather than buy. A general lack of new constructions has also attributed to the drop in vacancies.

One US real estate company has forecasted that Detroit property owners should expect higher returns in 2013, predicting that landlords will ask for returns 2-3% higher than today’s rate.

And it’s not just the city’s residential sector which is showing real signs of recovery. The Detroit News has also reported that Detroit’s hotels have seen a rise in occupancy rates, with higher than average occupancy levels recorded in January and February.

In fact, Metro Detroit recorded its highest hotel occupancy levels since 2006, reaching a rate of 54.3% in the first two months of this year.

In February 2012 the State of Michigan also seen unemployment levels drop to 8.8% which represents a significant decline from the 10.7% recorded in Feb 2011. The state as a whole has reported a decline in its jobless rate for 7 months in a row.

The decline in unemployment figures has also boosted the office market, with The Detroit Free Press revealing that the office sector is now reporting healthier vacancy rates.

It seems that on the surface both residential and commercial Detroit real estate is reporting positive figures, with many investors keeping an eye on investment opportunities in the city.

For more information about Detroit real estate, contact Experience International on 0207 321 5858 or email enquiries@experience-international.co.uk.

A new video by the Detroit Free Press showcases the popularity of the city and speaks to a number of people who have relocated in pursuit of their careers.  Watch the video to find out more…

Metro Detroit’s residential real estate market is showing signs of recovery, with a leading company reporting a 4.5% increase in Detroit foreclosed homes sales and a 7% rise in non-foreclosure sales.

Highlighting the strength of the city’s real estate market, Detroit property sales increased for the 7th consecutive month, with many buyers taking advantage of below market value prices.

With many areas experiencing a rise in sales, including a 7% increase in 3 of the four-county regions with only Oakland County experiencing a 1.1% decrease, real estate experts are positive about the shape of the city’s market.

In January alone, the median price of a home increased by 5.3% to $63,150 in the Livingston, Macomb, Oakland and Wayne counties.

Despite continual positive property sales figures, there is still concern about the sale of underwater and Detroit foreclosed homes, with 16.2% of January’s figures recorded as short sales.

This combined with the fact that around 50% of purchases were cash, meaning that many are still struggling to obtain loans or mortgages, suggests that although signs remain strong for Detroit’s property market, there’s still a long way to go before the market fully recovers.

Comparing figures from the same time last year, the length of time properties were on the market for decreased by 7 days to 89 days, indicating that the demand for property is growing.

Despite the rise in median prices, residential real estate has seen a 60.5% decrease since its peak in 2006 according to Fiserv Case-Shiller, meaning that there are still many property bargains to be had.

Offering yields in excess of 20% with entry level prices around $30,000, Experience International has a wide range of buy-to-let Detroit properties. For more information about USA property investment or how to benefit from Detroit foreclosed homes sales, please contact Experience International on 0207 321 5858 or email enquiries@experienc-international.co.uk.

Bloomberg Businessweek Experts Predict House Prices in Detroit to Rise by 31.1% by 2014

The industry leading experts at Bloomberg Businessweek have just announced that they expect house prices in Detroit to rise by an impressive 33.1% during the next two years.

Highlighted in a new report released by Bloomberg Businessweek called, America’s Strongest Housing Markets in 2014, Michigan State displayed one of the largest house value increases.

Analysing markets around the country, Bloomberg Businessweek predicted that property in Michigan for sale right now at the start of 2012, of which some are US property foreclosures, will increase in value by 33.1% by 2014, with the current average house price at the moment at around $51,000.

According to Fiserv Case-Shiller Indexes, Detroit’s house market hit its peak in 2006 and after the market crash, values have fallen in value by about 60%.

A lot of investors are taking advantage of the current market conditions.
A lot of US property markets and regions have been and are experiencing property foreclosures since the 2007 market crash which is generating good opportunities for investors to acquire houses at bargain prices.

Plus many residents in the US are choosing to rent rather than purchase due to the current economic climate and individual situations like families recovering from the 2007 economic downturn and people saving for mortgage deposits. This is driving demand for good rental accommodation and pushing rental yields higher for investors.

Michigan and Detroit
Detroit is a good example of a US city that has the above characteristics but with the added factor of rising employment, partly because of the revival of the motor industry.

Chrysler add 1,100 new jobs at Detroit factory
Detroit has kicked off the year with a bang by hosting its most prestigious North American International Auto Show since the start of the economic downturn. Stealing the show, the Chrysler Group announced an additional 1,100 new jobs at its Detroit factory.

Have you seen the 2012 Superbowl Ad featuring Client Eastwood talking about the comeback of Detroit, called Chrysler – It’s Halftime in America

These market conditions have motivated a growing number of investors to enter the Detroit property investment market.

With MSN Money reporting that there has been an influx of international investors from the UK, UAE, Moscow, Asia, Ireland and France, the attractiveness of this investment is becoming more noticeable and popular with international investors.

Purchasing property below market value is an effective way for investors to achieve high potential capital appreciation in the medium to long term. Bloomberg Businessweek’s prediction of 33.1% is welcomed news for Detroit property investors interested in selling their house or houses to the local market or other investors in the future.

Property in Michigan For sale from Experience International
Carefully selecting property in Michigan for sale in prosperous neighbourhoods where the rental market is strong, Experience International, a leading Detroit property investment companies with offices in London, UK and Detroit, has a limited range of US property foreclosures in Detroit, offering rental yields in excess of 20%, the stock is selling quickly but is updated on a weekly basis.

The typical price point for a 3 bedroom home in Detroit from Experience International is around $30,000 and with 50% finance exclusively available for Experience International’s clients and discounts for cash buyers, Detroit investment property is now even more accessible to international investors.

To discuss property in Michigan for sale with Experience International and specifically Detroit investment property you can contact Experience International on 0207 321 5858 or email enquiries@experience-international.co.uk.

Looking for US Property Foreclosures?

Detroit is one of the most attractive markets right now, low cost property and up to 25% rental yields per annum. Click the image below for more details.

The US property market, still on the throes of the 2007 market crash, is gradually picking up the pieces, albeit at a moderate pace. Housing price data from S&P/Case-Shiller showed seasonal price reductions, and an overall 3.4 percent drop from October 2010 to October 2011. Technically, the 20-city index is currently at its lowest point since March 2003. Nonetheless, US property foreclosures in some states such as Michigan that are showing steady economic recovery, offer attractive investment opportunities.

The Wolverine state is firmly on course to economic recovery. According to Time Magazine, auto sales, the highest source of GDP in the state, are set to experience a second year of profitability. This is mainly due to easier access to credit, lower interest rates and growing demand for automobiles in the US. As the industry rebounded to profitability, new job creation in the sector outpaced the airplane industry, ship building, healthcare providers and even the federal government, during summer 2011.

As more people return to work, the housing market is showing signs of life. Realtors are seeing more clients in their offices in search of homes. The rental market is quite vibrant and flippers are watching it keenly. High numbers of foreclosed homes offer investment opportunities for smart buyers. Smart foreclosure investing is all about identifying, researching, planning and acquiring property in Michigan for sale, in the shrewdest way possible.

Investing in foreclosures requires strategy, diligence and high levels of sophistication. This is especially true in a volatile market such as the industrial Midwest. Advisably, focus investments on residential properties in areas that show signs of future economic growth.  Investors should not ignore the basics of investing in foreclosures, which entail focusing on up-market properties, good school districts and cities with good amenities. In Detroit, such areas include Bagley, Rosedale Park, University District, Morningside and East English Village.

Since the 2007 real estate bubble burst, many US markets are gradually returning to normalcy. Overall economic recovery is likely to affect the real estate market positively. Already, a high number of renters and homeowners in Michigan and other areas are showing interest in US property foreclosures. Albeit there maybe too many foreclosed homes for investors to absorb, Michigan property for sale is good place to begin.

For a free Detroit property investor report including listings of US property foreclosures simply click the images below.

Detroit’s real estate market is turning around, and if you have a little cash, you can be on the ground floor of the coming real estate boom. Detroit is the 11th largest American metropolis and the heart of a revolutionized automotive industry. New industries are making Detroit their home— even Hollywood has established production companies in Michigan. With a small investment you can claim your stake in the oldest, safest investment on earth: real estate, a tangible, durable, tax-advantaged, secure investment.

Here’s four reasons that make property investment in Detroit a clever investment.

Low Prices

Real estate prices are so low in Detroit that they can go only in one direction: UP. Right now residential real estate can be purchased for a fraction of its long-term value. Solidly built homes of great potential in improved neighbourhoods will experience long-term capital growth over the next few years. With such rock bottom prices, your rate of return will be realised faster in Detroit than in most other major metropolitan American cities.

Positive Cash Flow

As property prices have hit rock bottom, buyers and investors can often pick up fully refurbished houses often with the need for only a small or no mortgage at all! What’s more as Detriot property taxes are cheap in comparison to many states, meaning rates of return on a rental can easily be between 11 to 18 percent. Plenty of investors are enjoying a monthly check in the mail from their Detroit rentals. Why don’t you?

Available Financing for Foreign Investors

Foreign banks continue to lend even though many U.S. banks have restricted their lending on second homes or income properties. If you have the money to invest many high street banks such as Barclays now specialise in mortgages for customers wishing to invest in property overseas.

Long-Term Capital Growth

If you have any experience in investing, you know that those who live the most comfortably are the ones who have long-term capital growth assets such as real estate.

If you’re looking at selling a property in the UK why not use My Online Estate Agent. My Online Estate Agent is one of the UK’s leading online estate agents and offers a host of useful guides and tools.

Detroit has long been one of the greatest cities in the US. The auto industry produced a lot of well-paying jobs, allowing the inhabitants of the area to build fine homes, and local governments to build fine infrastructure. Then it began to happen- slowly at first, then faster and faster, a great disaster for the area. The auto industry ran into competition -from countries like Japan and later Korea. Wages in US auto plants dropped from around $27 to around $17. You may recall Lee Iaccoca’s famous statement, “we have lots of jobs at $17 per hour but none at $27″. Not only were wages cut severely, but the total number of workers was drastically reduced resulting in a huge drop in housing prices.

All these years later the price of housing in the Detroit market is still low, yet wages in the auto industry have slowly and steadily increased back towards their old levels (see http://www.aftermarketnews.com)

According to Money Reasons there are over 700 houses on the market in Detroit that you can purchase for under $3000. Fix them up and rent them out, and you can make a lot of money. The US has a government program administered through HUD (Health and Urban Development) called Section 8. This program will subsidize low income families rents. It will pay the difference between fair market rent and the amount the families can afford directly to the landlord, promptly at the beginning of each month.  The rest is paid by the tenants. HUD must have the property inspected by their designee before it will qualify, but you can attract Section 8 tenants before the inspection by simply adding the words “We accept sect 8″ to your rental signs. Because section 8 renters will lose their subsidy if they do serious damage to your property, they make good reliable tenants. Many landlords do less background checks on section 8 tenants because they know the government has done some checking before admitting them to the program. Just ask any HUD official, they are always short of homes for their section 8 program.

The Michigan economy has begun to improve and is expected to continue to do so. In April the unemployment rate was only

10.2%.  According to Professor Mark J. Perry on June 12, 2011 9:21 AM on Bezinga.com manufacturing jobs in Michigan grew by 30,000 in the year prior to his article.  This taken with the information that some UAW wages are now below their colleagues working in non-union foreign owned plants should be seen as a sign that the economy will continues to improve.

An out of state or out of the country investor can take advantage of the trend in selling homes that already come with tenants, making one more case for Detroit property investment. Once you eliminate having to find tenants and minimize your collection problems by participating in the Section 8 program, landlording can be a truly pleasant experience for the investor.

Foreign investors are snapping up Detroit investment property at a previously unseen rate. However, Americans seem to be looking the other direction when it concerns investing in Detroit real estate for sale. That position is not necessarily an advantageous one for American investors. Homes in Detroit are an attractive investment for overseas investors, and they should hold the same appeal for American investors.

Currently, the prices on homes in Detroit are still exceedingly lower than they are in almost any other American market. The cost of rent, however, has not fallen at such an astounding rate. That fact is good news for investors. Detroit investment property can be purchased at prices that start as low as $37,995 according to one top real estate blog. However, there have been numerous media reports about homes in Detroit selling for even less than that figure.

Once an investor has secured a rental property, all they need to do is find a tenant. With the average rent in Detroit around $800 a month, investors are able to cover the cost of their mortgage payments and turn a huge profit. In fact rental yields tend to be up to twenty-five percent in most cases. That figure is true even when the foreign investors are forced to pay a management company to take care of their properties. Many overseas investors get these deals because they are ready to make fast decisions. Some of them are even buying whole blocks of Detroit real estate for sale. These investors hail from the UK, Australia, China and other countries.

Of course, they never have to worry about the rent not being paid. Most of the renters in Detroit are currently subsidized by the U.S. government. There is a list of over 9,000 tenants who have been approved for section 8 housing. That means that they are waiting for a property with a government voucher for the cost of rent in their pockets. Most Detroit investment property is completely paid for within five years by rent payments alone.

Detroit real estate for sale offers investors a chance to get homes in Detroit and a chance to make up to a 250% return on their investment within a five year period. The homes are typically sold for a price that includes many refurbishments and a year’s worth of liability insurance in the cost. Even deals that do not include those things are attractive to foreign investors as the ROI is so high.