properties in Detroit see 8.8% price increase
International investors looking to enter the American property market will already know that pre-tenanted properties are one of the most stable choice when looking for a hassle-free investments.
Our buyers are just now discovering that buy-to-let properties in Detroit are a popular choice due to their strong capital appreciation and high rental yields.
According to the Detroit Free Press, both house sales and median prices of property in Detroit saw an increase in September due to increased sales activity throughout the summer months.
As experts in Detroit property investments it has come as no surprise to us at USA Property Investor that the popularity of pre-tenanted properties in Detroit is on the rise and this success is not exclusive to us. The Detroit Free Press also reported an 8.2% rise in sales from 4,222 to 4,568 in September, with median prices rising by 10% from $68,000 last month to $74,900 across Metro Detroit. In Wayne County alone, property sales increased by 1.6% from 1,776 to 1,804 in September. Median sales prices were also up 8.8% from $40,000 to $43,500.
These figures are really positive and prove that now is the right time for investors looking to enter buy-to-let property investments to start searching for the right property.
We believe that location is one of the most important factors when purchasing a property in Detroit, especially if you’re looking to rent it out. That’s why here at USA Property Investor we carefully pick the best properties, in the best neighbourhoods to ensure that our investors get the most out of their purchase.
With finance available and discounts for cash buyers on a variety of pre-tenanted houses in Detroit, USA Property Investor have a range of houses in popular areas in the city. For more details about buy-to-let property investment please contact us on Tel: +44 (0)845 438 0634 Tel: +44 (0)1253 820 905