USA property values increase 4 per cent

The average cost of USA property increased by 4 per cent in the second quarter of the year, research suggests, although some areas registered significant price falls.

Data issued by Clear Capital indicates that people interested in overseas property should be cautious in their approach to the market across the Atlantic.

The firm said that although summertime statistics paint a bright picture, they must be considered in the context of extremely low levels of business during the recent winter period.

It added that any rises recorded in the summer may be swallowed up again as consumer confidence returns to its low level.

Source: Assetz.co.uk