'Shrewd investors' look to the US for wealth management

Wealth management through investing in property in the US would be a "shrewd" move, it has been claimed.

Freelance real estate journalist Marc Da-Silva advises those with private wealth and others now is "a good time to buy" in the North American market.

He notes low house prices combined with a rapidly-strengthening pound mean individuals could profit considerably from making a timely purchase.

Claiming future price rises and the recovery of the dollar would be a "win-win situation" for people who invest now, the commentator argues currency fluctuations should be considered when it comes to wealth management.

Travelex reported yesterday (August 2nd) the pound reached a five-and-a-half month high against the US currency, simultaneously reaching a four-week peak against the euro.

A five per cent rise in New York property prices coupled with a five per cent rise in the dollar would mean sellers could expect to profit from capital growth and when repatriating funds back to the UK, observes the journalist.ADNFCR-2318-ID-19917649-ADNFCR