People who are looking to invest money by purchasing property in the US are being advised to consider Las Vegas, Nevada, as it boasts a good outlook for those who want to buy-to-let.

The city came top in a list by HomeVestors of America. The list compiled the ‘top ten best locations for opportunities in the single family rental market’. Las Vegas beat Detroit, Orlando in Florida and Warren in Michigan to the number one spot.

A property investment indicator was launched this week and will be keeping an eye on trends and changes in the market. This will then enable the agents to provide good predictions for those looking to buy in the US.

Co-president of HomeVestors, David Hicks said: “We’re pleased to have developed this ranking system with Local Market Monitor to help investors … identify opportunities and gauge potential local market investment performance.”

It was recently suggested by the ClearCapital Home Data Index that property prices are set to drop again by the end of this year, despite seeing a small increase during the second quarter of the year.

To understand the full step-by-step process to buying a property in America, collect The Overseas Guides Company’s ‘USA Property Buying Guide’