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With the latest reports now indicating that the US housing market is in recovery, and Spain also looking like having found a bottom, all the worst hit markets are now in recovery. Dubai, Latvia, Spain and the US were the four worst affected markets by the international financial crisis, with prices in all four down by between 50 and 60 per cent since the peak. All 4 have now bottomed, and 3 of them (excluding Spain) have enjoyed strong recoveries in recent weeks.

Foreign demand can take a huge chunk of responsibility for helping the US market turn the corner, as millions of foreigners flooded into places like Florida and Miami to buy bargain-basement properties, with the potential for high rental yields and massive capital growth in the recovery. Likewise foreign demand is also reported to be picking up in Spain as well.

Leading overseas property portal is...

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