GM becomes the top selling automaker
Detroit-based motor companies have recovered from losses of last year and these companies are preparing to show profits in the year. U.S. economic recovery can be seen in the auto sales results of these motors companies. In America 1 million cars and trucks were sold in the last month, which is 19.8 percent more than the numbers of sales recorded in the same month of the previous year.
Vice president of General Motors sales operations, Steve Carlisle said “U.S. recovery would appear to be on track”, as the company held the No. 1 position. Its brands Chevrolet, Cadillac, Buick and GMC made 19.7% of profits.
Ford posted $2 billion profits in the first quarter of the year and made 34% more than the previous year.
Chrysler posted 24.8% profits, which is 1.9% more than previous year.
Invest in cheap foreclosure properties
Everyday banks are announcing repossession because the families couldn’t maintain mortgage payments but the U.S. economy has started to improve and the jobless condition is also improving. If the U.S. market stabilizes, the price of properties will increase.
The job condition is improving in Detroit as some new construction projects have created new job opportunities in the city .The three motor companies have posted profits in April 2010 and GM Motors Ltd. has announced to open a new plant in Detroit, which will have fresh hiring.
To benefit from investment - properties it is best to buy properties when the prices are low. Real estate market in U.S. has started to show the signs of recovery and these deals may not be around for some months. Investors buying properties now can get higher returns as the market improves.
Investment –properties offered by Mayfair Group
The global network of Mayfair Group spreads to Europe, North America, Asia and Middle East. The company provides dynamic wealth management opportunities and its work area includes investing in valuable properties, project management, asset management, acquisition and property maintenance. The structured process is aimed to achieve safe and secure investments. Currently, there is an acute shortage of affordable houses in Detroit and Mayfair Group provides properties at 70% low rates as compared to last year. Many properties offered by Mayfair are sold for prices less than their built and the investors get a chance to buy incredible bargains.
The properties offered are sited in Detroit because foreclosure properties in Detroit are cheapest properties in U.S. A three-bed detached home is priced at a low value of $ 41,495. The city is one of the largest cities of U.S. and during recession the city was hit by the losses suffered by the leading motor companies. During recession many homeowners lost their homes, which raised the need for homes on rent. Detroit has the world’s three largest motors companies and a huge supply of tenants, who are ineligible to buy homes due to poor credit ratings.
The investment properties offered by Mayfair are hands free foreclosure properties, which is managed professionally by the local partners of Mayfair Group in Detroit. The gross rental yield from the properties is up to 25% per annum and the properties are priced at 50% below market value. The properties are approved by HUD and it has huge potential to grow over a time period of five years. The properties are fully refurbished and secure, which can easily give government backed rental yield to the investors. Mayfair Group provides numerous “Exit “strategies to the investors, who can opt for a profitable “exit” within months of buying.
For more information log on http://www.mayfair-group.com or Mails us at- info@mayfair-group.com,myfairgroup@gmail.com,webmaster@mayfair-group.com
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