With Barak Obama celebrating his victory as the 44th President-elect of the United States, it has been announced that the US remains one of the most popular choice for British Fly to Let investors when buying a property abroad.

According to data from overseas property investment portal themovechannel.com the US ranked top in its latest 'Top of the Props' poll for September 2008, ahead of both Portugal and the UAE.

This could be due to a number of factors, including the high rental potential of many properties in the country and the exchange rate.

With the dawn of a new presidential era in the US it will be interesting to see, once the initial hysteria has died down, whether these positive vibes remain. With a new president, and a new-found confidence, the dollar is known to 'bounce' or strengthen for a short period (a show of consumer confidence), but once this initial euphoria has relinquished, what is the effect that Obama will have on the US housing market or this confidence in the long term?

Barak Obama's pre-election policies distinctly showed a view to realistically turning around the housing market. And with the government playing a larger role in the nation's property industry, hopes are high for the stabilisation of the market.

There is a great deal of excitement and anticipation surrounding Barak's new presidency and Danny Silver, Principal of Property Direct America, thinks that this will have an effect on Brits looking to invest in property in the US.

Silver said: “With the US consistently being voted the top choice for British investors looking to secure a property overseas, the US election and Barak Obama's win with the excitement surrounding it will surely heighten the appeal further still.

“Increased market confidence is good news for all as it is this that ultimately fuels the housing market and stimulates property price growth.”

• A UK company offering over 45 new build leaseback developments and fully managed Fly to Let homes in France has announced a new partnership with Micos Bank to supply interest only and capital and interest mortgages.

Frenchleasebacks.co.uk offers investors buying in France a way of owning and managing property with rental yields and tenants guaranteed and most having the option of personal usage.

The company claims average yields in the range of 4.9 percent to 5.7 percent net, with long term mortgages available at rates of 5.30 percent on an interest only basis.

Data released by the French estate agents body, the FNAIM, suggests that the French property market has largely escaped the problems affecting the UK and USA and rentals have continued to trend gently upwards.

House prices too have risen over the last year on average, albeit by less than one percent.

Leaseback contracts offer a full VAT refund, providing the property is held for a minimum period, usually nine years. With VAT in France set at 19.6 percent, one of the attractions of a leaseback scheme is the ability to use this refund to fund any deposit. Guy Stephenson, director, frenchleasebacks.co.uk, said: “There are several styles of leaseback property such as ski chalets, holiday homes, business residences and student and medical residences. Each of these will have different yields and offer different occupancy options."

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