DSR Asset Management Overseas Property Investments

David Stanley Redfern’s New U.S. Property

David Stan­ley Red­fern have just added a new U.S. prop­erty to their port-folio. The Solair devel­op­ment is on the world famous cor­ner of Wilshire Boule­vard Los Ange­les Cal­i­for­nia. Some might think it is strange that DSR would be adding U.S. prop­erty to their books amid fear of a U.S. reces­sion. Head of Inter­na­tional Research for the over­seas prop­erty spe­cial­ist, Liam Bai­ley explained why they have taken the bold move.

“The cur­rent U.S. “credit crunch” and fears of a U.S. reces­sion, has seen the U.S. Dollar’s value plum­met against the pound, that com­bined with the U.S. hous­ing mar­ket “cor­rec­tion”; a code-word for the sharp halt in price rises fol­lowed by a sim­i­larly sharp down­turn in the sub-prime mar­ket means that U.K. buy­ers now have excel­lent buy­ing power in the States.”

“They are get­ting far more dol­lars for their pounds, and far more prop­erty for their dol­lars.” Liam con­tin­ued: “On top of that the U.S. is, and but for a mas­sive reces­sion will remain one of the top tourism des­ti­na­tions in the world, L.A. and Cal­i­for­nia as a whole, includ­ing Hol­ly­wood being among the most pop­u­lar des­ti­na­tions in the U.S. The num­ber of Brits see­ing the cur­rent U.S. eco­nomic prob­lems as an oppor­tu­nity to get a bar­gain on a hol­i­day home in the states, makes hav­ing a prop­erty there on our books a shrewd move indeed.”

The U.S’ cur­rent pop­u­lar­ity with British buy­ers was dis­played by the coun­try climb­ing to num­ber four on a Place in the Sun’s top twenty, after sur­vey­ing poten­tial investors at their mas­sive Birm­ing­ham road-show ear­lier this year.

The 22 storey Solair tower “intro­duces a new con­cept in high-rise liv­ing”, with a pri­vate, seventh-floor 2/3 acre resort-style amenity deck, sim­i­lar to those found on cruise lin­ers: a high rise apart­ment com­plex with, res­i­dent herb gar­dens, out­door fire-pits, indoor/outdoor lounge, a fit­ness room, yoga room, swim­ming pool, spa and a resident’s club. There will also be an exclu­sive busi­ness cen­tre and con­fer­ence room for res­i­dents in the sec­ond floor lobby.

The spec­tac­u­lar glass walled tower rises above an expan­sive two-story retail sec­tion and park­ing facil­ity. The Solair tower will become an archi­tec­tural bea­con in Koreatown’s sky­line and a build­ing that will be rec­og­nized for decades into the future. All in one of the world’s top tourism des­ti­na­tions. Peo­ple are flock­ing to buy up bar­gain real estate in Amer­ica. Own­ing a hol­i­day home within day-trip dis­tance of Holy­wood, Los Angeles’s world-famous a-lister retail out­lets, and California’s other world famous attrac­tions can’t be bad.

Find out more about prop­erty Amer­ica and buy­ing prop­erty in Amer­ica.

About DSR Asset Management

DSR is an over­seas prop­erty invest­ment spe­cial­ist, work­ing directly with devel­op­ers in more than forty coun­tries. All prop­er­ties are exclu­sive to DSR , giv­ing an unpar­al­leled selec­tion of resale and new builds.

Please direct all media queries, requests for press infor­ma­tion and edi­to­r­ial details, to media@davidstanleyredfern.com

David Red­fern is the direc­tor of DSR Asset Man­age­ment an over­seas prop­erty invest­ment spe­cial­ist. David works closely with devel­op­ers in more than forty coun­tries and over­sees the DSR edu­ca­tion pro­gramme which lec­tures indi­vid­u­als and organ­i­sa­tions on prop­erty invest­ment. Adver­tise Your Pri­vate Over­seas Property

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