The Gulf Opportunity Zone (GO Zone) in the United States is a good place to invest in property, according to director of Nubricks.com.
Adam Samuel said investors looking to make money in the US property market should consider the GO Zone, which was set up after Hurricanes Katrina and Rita.
While the Florida property market - like many in the US - has "taken a nose dive", opportunities in the GO Zone are plentiful, he claimed.
The GO Zone encompasses the states of Alabama, Mississippi, and Louisiana, all of which were hit by the hurricanes in 2005.
Mr Samuel explained that because there are still so many people without homes in the area, the government is offering "good cash incentives" for foreign buyers to invest and provide accommodation for displaced people.
"That is certainly a place that seems to be attracting interest of serious investors in both the UK and Northern Europe," he remarked.
Under the GO Zone Act, the US government offers a rental programme, subsidised land for sale and 50 per cent tax depreciation.
© Adfero Ltd
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