Footballer turned real-estate tycoon Robbie Fowler is urging British investors to consider investing in US property.
By: Ravender Sembhy
The former Liverpool striker, speaking in his role as ambassador for property investment firm CityR, said: “The dollar is weak at the moment, and with talk of the UK property market overheating, the time is ripe for UK investors to take a serious look at the US property market.”
Fowler, whose property portfolio is worth more than £30 million, said that investing in US property could deliver returns of about 10 per cent for investors.
He said: “Buy-to-let is out of reach for a lot of people at the moment, so making it simple and easy to invest is the key.
Fowler became interested in property because he knew he needed a career after football and property
“What’s interesting in the US is the sheer scale of opportunity for investors as the markets rebound from the economic fallout.”
Fowler said that he became interested in property because he knew he needed a career after football and property “seemed more tangible than investing in stocks”.
CityR finds properties in the US and buys suitable targets with co-investors.
Management companies are hired to review properties and rents are reviewed to reflect market conditions.