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Property Investment – How to survive the crises.

Property investment, like everything else now, continues to be heavily influenced by Covid-19 and Brexit. But what does the market hold in the year ahead, what will be the main investment trends, and could regional towns and cities be about to have their moment in the sun? Global Investments show how Covid and Brexit have affected the company. Global Investments Incorporated has been selling investment property in the USA for over ten years and in the UK for two. We offer off-plan and new-build, buy-to-let and small freehold house investments that have undergone a stringent due diligence process. At the forefront of our business approach is transparency and customer service. We have carefully selected several buy-to-let and freehold investment opportunities. These are often below market value and some also offer a rental assurance option for the first few years, giving investors peace of mind. We focus on the North East and West of England with a selective few investment in other parts of the UK, including green belt regions around London. The areas we consider are either tipped for positive capital growth over the next 5-10 years, or offer a high return on investment, or both. How has the company been affected by Covid-19 and Brexit? Like most businesses, there is no doubt Covid has had an impact on us. However, as a company, we offer flexibility and understanding to our employees and have a strong system and infrastructure in place, allowing our employees to work from home or even abroad. This keeps our staff motivated and happy to work for us and therefore they are putting in the extra effort to keep our business sustainable and help us grow internationally. How can investors work their way round the current restrictions that the pandemic has created, and still invest in a safe and profitable way? Adaptation is key to survival during the current climate and health crisis. We have found that savvy investors are capitalising on the current crisis and looking for good deals and bargains. This means blending flexibility by our developers with embracing technology such as Zoom, video virtual property tours and producing the right content. Adding value and free education has been key to our continued success and growth. Why are regional towns and cities in the UK ripe for investment? And which ones would you recommend? Regional towns and cities in the UK are an inviting marketplace for investors in both the short and longer-term. The UK’s property market is underpinned by a decades-long, continuing shortfall of housing supply. Combine this with significant regeneration projects in cities like Manchester and Liverpool and the capital growth prospects are superb, in addition to the yields. Kingsway Square in Liverpool is a great example of affordable buy to let investments starting at £99,000 with a guaranteed return on investment of 7%, a free furniture packs and legal services for buyers. Our Freehold terrace house investments in the North Easy of England start around £49,000 and offer a great monthly income of around 8 – 10% for our investors. If you would like to know more about us and our property investment offerings have a look at https://globalinvestsinc.com/uk-residential-property-investments/ and get in touch.

Globals UK Investment Property Radar “ Bishop Auckland “

After the unnecessary negativity that dominated our lives recently which many people now have completely forgotten, dare mention the word “ Brexit “ The UK property market entered 2020 with a degree of optimism. Obviously, what followed wasn’t part of the plan. And yet, despite the strains of lockdown, the property market continues to defy gravity. As the mini-boom continues across the country, investors are already looking ahead to the best places to invest in UK property in 2021. Every region in the country recorded a rise in house prices in September according to the most recent RICS survey – hitting an 18-year high. At the same time, demand continues to rise with seemingly no end in sight, driven by changing priorities for homeowners and the stamp duty holiday introduced by the government. This means that heading into 2021, there are a number of UK Buy-to-Let hotspots now vying for the spotlight. Global Investments have been monitoring the market and as usual thinking ahead of the curve. One town seems to have the ingredients to be just the place to purchase a relatively low outlay / high return buy to let home with great Capital appreciation potential. We call it the holy trinity for property investment. So why should you look at Bishop Auckland ? Last year, Bishop Auckland was selected by the government to be part of the Stronger Towns Programme, allowing Durham County Council to apply for a bid of £46.8m. Regeneration plans for a County Durham town could create 3,000 jobs, while boosting visitor numbers by 1.5 million and the economy by £240 million every year. As part of the bid, the Stronger Towns Board has set out a vision for Bishop Auckland to become a world-class heritage visitor destination of UK national importance. If successful, the funding will be allocated to regeneration projects in the town, building on its unique heritage and assets to make the town an exciting place to visit, live, learn, work, and invest for generations to come. Through the Stronger Towns Fund it is estimated an additional 1.5m visitors will be attracted each year to Bishop Auckland which will substantially boost the county’s visitor economy by encouraging longer stays and higher levels of spend, driving 3,000 jobs and £240m per annum of economic value. It builds on priorities established through the Bishop Auckland Masterplan and the bid for money from the Future High Streets Fund, which has awarded the town £19.9m to support the town’s high street and help to recover from the effects of the coronavirus pandemic. Through this regeneration the town will achieve sustainable economic growth, becoming a stronger economic contributor to the North East region and bringing benefits to areas across the county. It will see the town become a 21st century bustling market town and service centre for the whole of South West Durham, and a gateway to the Durham Dales, using the town’s existing heritage to give it a future as a vibrant place to visit. As part of the Stronger Town vision, the project will deliver improvements to heritage walking and cycling routes, developments to the Weardale Railway, the creation of a new heritage transport museum as well as new supporting road infrastructure to sustain the town’s development as a world-class heritage destination. Further projects in the Stronger Towns bid include new workspaces with associated enterprise support, a skills and training hub, town centre diversification and the establishment of Bishop Auckland as a 5G-enabled town, rolling out ultrafast broadband to reach 3,000 premises. These projects all make up Bishop Auckland’s Town Investment Plan, which aims to solve infrastructure capacity, diversify and strengthen the town centre, creating an all-weather retail and leisure offer. The Stronger Towns bid will be reinforced by the £200m charitable investment from the Auckland Project, which has already restored and created a number of valuable attractions and recreational activities, boosting local businesses and the impression of the town. To date, these projects include Auckland Castle, which saw £27m of investment, a £1.5m refurbishment of the Town Hall, £1.1m invested in the Mining Art Gallery, and the staging of successful outdoor show Kynren, which has attracted over 250,000 spectators since starting in 2016. The town was also awarded Heritage Action Zone (HAZ) status in 2018 and has over 50 projects and buildings within the programme. The bid supports the council’s Towns and Villages Strategy, which aims to act as a catalyst to further regeneration and investment all over County Durham. It has already helped bring about £750m of investment across the county at sites like Horden Rail Station and Festival Walk Shopping Centre in Spennymoor. Through the strategy the council also seeks to align its budgets and activities to ensure they deliver the best outcomes for communities. Through its Towns and Villages Investment Plan the council aims to support projects which complement and ensure best outcomes for residents from the £750m. The plan, which is set to be approved at Cabinet this month, sets out £25m in investment: £20m for the county’s most disadvantaged communities and a further £5m to be allocated by the council’s Area Action Partnerships to priority projects identified by residents Global Investments has teamed up with suppliers in Bishop Auckland to provide the very best exclusive buy to let property investment opportunities in 2021. With limited supplies available unfortunately the best deals will be the first and stock will sell quick. If you are interested or wish for a call and more information on the latest properties Global Investments can offer then please email us today at : invest@globalinvestmentsincorporated.

The 2021 US Housing Market Forecast – Up or down ?

The last 12 months has been a very difficult year for every industry, the US was hit hard and fear grew last March that real estate could collapse as everybody went under lockdown. But if you look at the last 12 months you will see that real estate has actually played a significant part in the economic recovery, 2020 turned out to be a record year with over 2.6 million homes sold during the pandemic. At the end of 2020 buyers were facing unprecedented competition and increasingly out-of-reach home prices.Real Estate Agents have had a full year to adopt to the new ways and with inventory at record low levels it looks like 2021 is going to be an even better year.Forbes magazine have just ran an article stating “A new long-term housing boom is upon us. And COVID-19 is the main reason why” They state in the article that both the housing and economic cycles have shifted to longer cycles, 10 year cycles, this is due to factors such as technology and monetary policy.Over the next 10 years different factors will push this cycle in an upward trend. Such as economic recovery from a global pandemic, forecasts of continued growth in the GDP, sustained low interest rates and most importantly low housing inventory levels due depleting supply since the last recession.Danielle Hale chief economist stated “We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels. While we expect mortgage rates to tick up gradually, sales and price growth will be propelled by still strong demand, a recovering economy, and still low mortgage rates.Robert Dietz, senior vice president and chief economist of the National Association of Home Builders stated “ With home builder confidence near record highs, we expect continued gains for single-family construction.One recent trend over the last 12 months is the shifting geography of housing demand to lower-density markets and historically low interest rates. Many people moved from city dwellings to suburbia as we all learned to adapt to the online business worldElana Knoller better.com stated “Homeowners and the housing industry at-large will utilize technology even more next year to engage buyers and execute deals. 2020 changed the game in everything from touring properties to looking for and locking rates, and participating in secure eClosings”Professionals and individuals who can work from home are buying homes to work at home and are therefore changing housing preferences,” we want a study and a large garden” Combined with record-low mortgage rates and forbearance programs, odds are the housing market will remain strong in 2021.Another big argument for this increased demand for suburban properties are the “Millennials” according to David Howard from the National Rental Home Council, it is theMillennials, who are transitioning squarely into prime household formation years.The fact is now there is light at the end of the tunnel from Covid 19 it is imperative Governments world-wide push the economy through incentives and breaks. Paul Lueken the chief executive of Draper and Kramer Mortgage Corp stated “As the Covid-19 vaccine is distributed, the economy will begin to open up and recover. Economic activity will most likely return to pre-pandemic levels by late 2021 or early 2022. The Federal Reserve will continue to support a low interest rate environment for much of 2021, and mortgage rates can be expected to remain low for most of the year. Home sales will therefore stay strong due to the low interest rates and the recovering economy”Realtor.com‘s summarised all of these key points for the 2021 forecast:* Spring and summer home-buying seasons in 2021 will be strong.* The existing home sales will increase by 7 percent in the year 2021.* The rise of millennials will push the housing demand up. * The home prices will appreciate by 5.7%.* Single-family housing starts are now predicted to increase by 9 percent. * Low mortgage rates will keep purchasing power healthy * Buyers seeking affordability and space will drive interest in the suburbs.* The pandemic has merely accelerated this previous trend by giving homebuyers additional reasons to move farther from downtown.* Fast sales will remain the norm in many parts of the country which will be a challenge felt particularly for first-time buyersWhile everything seems positive on the sales front other websites are stating that lingering economic uncertainty may temper some of the predictions. They state that sources of economic uncertainty, including lapsed fiscal relief, the long-term fate of policies supporting the rental and mortgage market, and virus-specific factors must be taken into consideration.Overall we are still coming through a storm and whatever opinion you take on this forecast it looks like things will be getting back to normal soon and all industries will be pushing to make the economy even stronger than before the arrival of Covid 19. If you would like more information on investing in the US market please email invest@globalinvestmentsincorporated.com

The resurgence of Detroit and why you should invest in 2021

The rental real estate market in Detroit is crazy right now, which is just the thing real estate investors want to hear. Demand for single-family rentals is skyrocketing, and the median price of a single-family home in Detroit is well below $100K, offering an amazing opportunity for rental property with solid yields and cash flow. The Motor City is famous for its innovation and work ethic, yet the decline of the domestic auto industry and the devastating effects of 2008 had some questioning whether Detroit could make a comeback. The verdict? Detroit real estate investing has attracted many new investors, especially those who know where to look. With high-end retailers like Whole Foods moving in, and high tech stalwarts like Microsoft, Google, and Pinterest opening offices, Detroit’s future is looking bright. That’s good news for the housing industry and good news for investors. So what are the upsides and challenges of investing in the Detroit real estate market in 2021 ? Population Growth Although the population of Detroit has been slightly declining, the city is seeing an influx of millennials. As the Detroit Chamber reports, over the last decade metro Detroit saw the second highest growth among peer cities for populations between the ages of 24 and 35. Key Population Stats: Detroit is home to about 670,000 people in the city and more than 4.3 million residents in the metropolitan area. Detroit is the most populous city in Michigan, the largest city on the U.S.-Canadian border, and the second largest metropolitan area in the Midwest after Chicago. Median age in Detroit is 39.9 years with 38% of the population between the ages of 20 and 49. Per capita income in Detroit is $35,315 while median household income is $63,474. Job Market The 11-county Detroit region is home to more than 300 municipalities and 300,000 businesses, including 11 Fortune 500 companies and numerous educational institutions. As the Detroit Chamber reports, metropolitan Detroit is home to robust technology infrastructure and a workforce recognised around the world for its skills, expertise, and productivity. Key Employment Stats: GDP of the Detroit-Warren-Dearborn, MI MSA is over $237 billion, according to the Federal Reserve Bank of St. Louis, and has grown by more than 28% over the last 10 years. Employment growth in Detroit is 1.77% year-over-year with the metro area home to over 2 million employees. Median household incomes in Detroit grew by 3.6% year-over-year while median property values increased by more than 5% over the past 12 months. Unemployment rate in Detroit is down to 8.9% (as of Nov. 2020) with the construction, information technology, and financial activities sectors showing the fastest signs of new growth. Key industry clusters in Detroit include automotive and mobility, defence, health care, information technology, and transportation, distribution, and logistics. Largest employers in the Detroit region are Ford Motor Co, General Motors, Ally Financial, University of Michigan, Beaumont Health, and Quicken Loans. Major colleges and universities in Detroit include University of Michigan, Wayne State University, and Lawrence Technological. 91% of the residents of Detroit are high school graduates or higher, while over 32% hold a bachelor’s degree or advanced degree. Real Estate Market Northern Michigan’s housing market is “on fire”, according to The Detroit News. The real estate market is helping to fuel the red hot market, with the median list price of a single-family home in Detroit well below $100,000. Opportunistic real estate investors may find Detroit the perfect market to acquire very affordable rental housing for all cash, then refinance at a later date. As The Wall Street Journal reports, lack of credit is making it hard for local residents to buy a home. That may be one reason why almost half of the households in Detroit rent rather than own. Key Market Stats: Zillow Home Value Index (ZHVI) for Detroit is $43,113 through November 2020. Home values in Detroit increased by 12.0% last year and are projected to grow by another 12.2% during the next 12 months !! Over the last five years home values in Detroit increased by over 92% ! Median listing price of a single-family home in Detroit is $65,000 based on the most recent report from Realtor.com (Nov. 2020). Median list price per square foot for a home in Detroit is $58. Median selling price of a single-family home in Detroit is $60,000 Sale-to-list price ratio is 95.05%, meaning that homes in Detroit are selling for 4.95% below the asking price on average. Strong Renters’ Market According to ClickOnDetroit.com, single-family rentals are skyrocketing, as tenants leave apartments to rent a home they can call their own. Key Market Stats: Median rent in Detroit is $983 per month for a 3-bedroom home, based on the most recent research from Zumper (Jan. 2021). Rents in Detroit have increased by 16% year-over-year. Over the past three years average rents in Detroit have grown by nearly 23%. Renter-occupied households in Detroit account for 44% of the total occupied housing units in the metropolitan area. Millennials and Generation Z make up 38% of the population in Detroit. Quality of Life Many real estate investors are surprised to learn that Detroit has been experiencing a renaissance over the last few years. New housing and businesses in the city’s Midtown, Downtown, and New District areas are attracting residents and visitors. Millennials are attracted to Detroit by the low cost of living, affordable rentals, and vibrant neighbourhoods. Key Quality of Life Stats: Cost of living in Detroit is 18% less than Chicago, according to NerdWallet’s cost of living calculator. Forbes ranks Detroit as one of the best places for business and careers in the U.S., with the city home to a variety of companies in emerging technologies such as nanotechnology and hydrogen fuel cell development. Detroit is one of the best places to live and a great place to retire, based on the most recent research by U.S. News & World Report. The 73-story, 7-skyscraper GM Renaissance Center in Detroit is one of the most photographed landmarks on the