Property in Detroit Benefiting from Automobile Industry Revival
Economic news from Detroit, ‘Motor City.’
The improvement in the motor industry and the growth of many other industries in and around Detroit was mentioned by President Obama. He recently mentioned that “the industry is recovering at a pace few thought possible”. In addition to Ford, Chrysler has announced an operating profit for Q1 2010 and it is reported that General Motors has created over 45,000 jobs with an additional 1,200 expected to be saved this year by the construction of a new vehicle in a factory just north of Detroit.
Those considering investing in Detroit and capitalising on the demand for rental accommodation will be interested to know that three bedroom family homes are available from as little as $36,000 / £24,000 on our Detroit program which includes refurbishement, tenants and professional management – A full turn-key service. Furthermore, we are the only company offering all our clients a guaranteed, non-status mortgage with a low, fixed rate interest rate of only 3.95%!
When purchasing in Detroit it is essential to select the right properties in the right locations. This task makes up 90% of the work we do with our local Detroit experts. With their help, we are able to identify for our clients the premium roads and suburbs in which to buy and can gain access to the most desirable properties as soon as they become available.
With real estate in Detroit increasing in price, there is a unique opportunity to invest in a market with massive potential both in terms of growth and high rental returns.