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Expatriate Insurance News: 'Canny viewers' eyeing US property

Keen-eyed expatriates are keeping a close eye on the US property market as one observer has noted that prices have plateaued.

Annette Reeve, director at Mayfair International Realty, said that buyers will be pleased to note that house prices in the US have stopped plummeting, which could see more people come to the market.

"At the moment, people seem to feel – particularly in the US – that they have hit a plateau and a canny viewer is seeing that property prices aren't falling month-on-month like they were," she explained.

A recent report from the US Census Bureau and the Department of Housing and Urban Development found that sales of new homes in the US in March was at a seasonally adjusted annual rate of 300,000, which is 11.1 per cent above February's figure and 21.9 per cent below the year before.

Ms Reeve remarked that buyers will be wondering if now "is the time to pile in".

When thinking about selling up and moving to the US, some things to consider when relocating abroad include getting up-to-date international health insurance.

Moving abroad? Get a free quote for your international medical insurance online.

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