You might easily be led to believe that certain parts of America have not seen the recession, as property prices begin to regain strength. Prices in the area of Manhattan have almost reached their ‘pre-recession’ average, showing that investors are still investing, and confidence is continuing to grow.

There was also good news for both houses and apartments in New York, as they saw ‘modest gains’ for the third quarter in a row. The vice president of a leading estate agents stated that this is due to more and more overseas buyers choosing to invest in property in the USA and more interest in the higher end of the property market.

Mortgage loans remain strict and tight in the country which means that those who are investing are cash buyers or those who have mortgages in their home country. There is now a shortage of vacant property in the country; the rate of vacant apartments has hit the lowest level for five years, great news if you are thinking of buying a property in the USA with the purpose of renting it out for part 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’