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Expatriate Insurance News: Property prices could rise in the US

Expatriate insurance customers might be interested to learn that property prices in the southern states of the US are predicted to rise this year.

Les Calvert, director at Propety-Abroad.com, said: "Once the backlog of distressed and repossessed properties has been snapped up by the astute investor, then prices will start to steady out and increase in some states this year.

"Lower levels of supply will lead to increased prices."

The comments follow the latest figures published by the National Association of Realtors, which showed that US existing home sales fell in February this year after three consecutive monthly increases.

Indeed, existing home sales dropped by 9.6 per cent to a seasonally adjusted rate of 4.88 million from the 5.40 million recorded in January.

People considering moving to the US might want to look into international health insurance plans to make sure that they are covered should the worst happen.

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

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