Posted Thursday, October 23rd, 2008 in Articles by admin
Tags :  
The Gulf Opportunity Zone is an area which is seeing a rise in popularity for property USA investors, it has been stated.

Chief executive officer of overseas property portal Homesgofast Nick Marr said the region has attracted more interest for his firm since the introduction of the zone in 2005, which was designed to help aid the economic reconstruction and development of the states of Mississippi, Louisiana and Alabama following the Hurricane Katrina disaster.

Mr Marr said property USA is well suited to those who want to look to the long-term.

He stated: "In all, if you have the cash the States is a great place to buy property if you are prepared to hold on to it or simply use it for the next five years."

Such a situation could see those who buy now reaping the benefit as the economy recovers and the property market starts to grow again in the next few years.

The Gulf coast area has received $126 billion (£77 billion) in aid since Katrina, with the Gulf Opportunity Zone offering tax breaks and incentives to help it develop.

Visit Rightmove Overseas for the best selection of property USA. Stop dreaming, start searching!
ADNFCR-1848-ID-18840058-ADNFCR

You may also like these related posts:

  1. Foreign property ’still going strong’
  2. Sicily hailed as good value
  3. Overseas property ’still going strong’
  4. Florida property bargains hailed
  5. Dordogne hailed as great French property option