New York: Real Estate Investors’ Top Choice

January 06, 2011 / Elizabeth Buckley, Commercial Property Analyst

Association of Foreign Investors in Real Estate’s annual survey ranks New York as the most favored city for international real estate investors for the year 2011. The Big Apple beats Washington and London as the most favored city for real estate investors for the new year, countrywide and globally.

New York: Real Estate Investors’ Top Choice

According to the survey, New York move up to No.1 from the number three spot in 2010 in the United States, while moving again to number 1 from the number 2 spot among the most favored global cities in the world, leaving Washington, DC at the number 2 spot.

According to James Fetgatter, Association of Foreign Investors in Real Estate’s executive director, the fear for the double-dip recession in the United States has faded, and real estate investors are said to become keener about the real estate economy, while focusing on real estate investment opportunities.

But, Fetgatter said, real estate investors are not spreading their interest throughout the United States, just in New York City and Washington, DC, except in the multi-family housing market, but to a significant increase compared to the previous years.

Top global cities among international real estate investors in 2011 are the following:

  1. New York
  2. Washington, DC
  3. London
  4. Paris
  5. Shanghai, China

Top United States cities among international real estate investors in 2011 are the following:

  1. New York
  2. Washington, DC
  3. Boston
  4. San Francisco
  5. Los Angeles

AFIRE’s annual survey also shows that about 72 percent of the association’s real estate investors are planning to invest more capital this year in the United States.

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