Why invest in Detroit?
Property prices in Detroit are some of the lowest in the country and purchasers can pick up houses that have dropped on average between 6 and 7 times in value. With prices rising each month as local purchasers and investors from elsewhere in States realize what bargains are on offer, you can be sure your investment is going to give you genuine capital growth over time. The US government is pouring billions of dollars in aid into the city, giving the local economy a huge boost. Plus many homeowners in certain parts of the city are being given up to $8000 in aid towards home improvement. Sadly it is not available to UK purchasers but the benefits to neighbourhoods that are being targeted are clear. Plus the rental returns are excellent in Detroit. Our properties will usually pay for themselves in around 5 years on average!
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