Foreign investors favor NYC real estate
CNNMoney (01/28/08) reported that according to a new Association of Foreign Investors in Real Estate report, foreign investors named New York as the top city for commercial real estate investment--an improvement from second place a year earlier.
Washington, D.C., and London tied for second in the latest poll, with Paris and Shanghai placing fourth and fifth, respectively. This marks the first time that U.S. cities have nabbed the No. 1 and No. 2 spots since the category was added to the yearly survey.
Poll results also show that an overwhelming majority of foreign investors believe the United States offers the most stable and secure property investments in the world despite the recent credit crunch and a slumping economy.
Finally, respondents say the U.S. market currently offers the best opportunity for capital appreciation, followed by China, India, Russia and Mexico.
Click here to read the entire CNNMoney article.
Washington, D.C., and London tied for second in the latest poll, with Paris and Shanghai placing fourth and fifth, respectively. This marks the first time that U.S. cities have nabbed the No. 1 and No. 2 spots since the category was added to the yearly survey.
Poll results also show that an overwhelming majority of foreign investors believe the United States offers the most stable and secure property investments in the world despite the recent credit crunch and a slumping economy.
Finally, respondents say the U.S. market currently offers the best opportunity for capital appreciation, followed by China, India, Russia and Mexico.
Click here to read the entire CNNMoney article.
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