Most International property investments popular with Singaporeans are in the South-east Asia region, Japan, the United Kingdom, Australia and New Zealand. But what about setting your sights on properties much further north in the continent of North America?
Though the shadow of the most recent US property bubble hovers over the property market, properties in the United States still have their charm and investors from all over the world are buying in. In 2014, 25 per cent of the total number of sales were from Chinese investors, with Canadians following closely.
Over in Dallas-Fort Worth (DFW), there seems to be a considerable quantity of potential properties to pique investor-interest. As the sixth-largest metropolitan economy in the United States, with the third-largest concentration of Fortune 500 companies in the nation and equidistance from the United State’s five largest business centres of New York, Chicago, Los Angeles, Mexico City and Toronto, Dallas-Forth Worth’s low cost of living, abundance of jobs and relatively stable housing market make it a good place for property investment.
Much of the increase in property uptake has been due to a population boom in the area. In one year alone, 108,000 new residents called DFW home. Median home prices here currently stand at $175,000, which is already 30 per cent compared to a decade ago. As the area continues to grow, with more businesses and corporations moving in, the potential seems immense. Property experts are expecting a continued upward trend in property prices here, at least until supply tips the scale.