According to Easier.com, the continuing housing shortage in western North Dakota due to the Bakken Formation oil boom has led to another player in housing market development. Property Horizons Director and Founding Partner Robert Gavin explains, “There are 15,000 oil workers and rising in North Dakota. Many have families who are unable to join them due to the lack of accommodation. In Williston, one of the flash points for the crisis, Property Horizons is now offering 174 luxury modular single family homes, each with its own acre of land.” The Horizons Ridge development is offering three and four bedroom homes with two and three bathrooms, basements and garages with prices ranging from $270,000 to $350,000. Gavin says investors can realize returns of 13-15% for corporate tenants. MHProNews has learned Property Horizons, based in the United Kingdom, is a professional property investment group with 100,000 clients worldwide, and its current U.S. office is in Williston, ND.

(Photo credit: Associated Press–modular mancamp in Williston, ND.)