US property a solid investment

Some 63 per cent of American real estate professionals believe that the US property market will either strengthen or remain consistent over the next year, according to a new study.

The Bryan Cave Real Estate Executives' Forecast Survey was conducted among a variety of US property professionals and showed that the majority of them were optimistic for the future.

This contradicts recent speculation in the US that the real estate market was headed for a negative period and could falter.

William B Tate II, a partner in the Bryan Cave real estate group, said: "The market may not be continuing to grow as rapidly as it has in recent years, but investors feel real estate is still a solid investment."

When asked about what areas they considered to be the most promising for property investment in the US, 32 per cent said the north-east, 18 per cent opted for the Pacific coast and 15 per cent said the south-west.

The survey was conducted among a total of 343 real estate workers, including brokers, lenders, investors and engineers.

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