With the exchange rate reaching its highest ever point recently and an oversupply of housing, now is the time for overseas property investors to pick up a bargain in the US.

With the exchange rate reaching its highest ever point recently and an oversupply of housing, now is the time for overseas property investors to pick up a bargain in the US.

  Adrian McDermott, managing director of property investment website Escapes2, suggested that the exchange rate was historically high in the States, adding that people received an "awful lot" for their money.