Foreign Buyers: U.S. Is Tops for Real Estate | Realtor Magazine
The United States remains the world’s most popular choice for foreign real estate capital, according to the latest annual survey of overseas investors by the Association of Foreign Investors in Real Estate.
Ninety-five percent of global investors surveyed said they planned to increase or maintain their level of U.S. investment.
Nevertheless, investor caution is slowly growing surrounding U.S. real estate. The caution is being sparked over the uncertainty in policies and the legislative agenda of a new administration, rising interest rates, and closing gaps between interest and capitalization rates, says James Fetgatter, CEO of the Association of Foreign Investors in Real Estate.
The U.S. was the leading city worldwide for foreign capital for the seventh consecutive year. Further, New York ranked as the world’s top city for foreign capital for the third year in a row (followed by Berlin and London). Among U.S. cities, Los Angeles, Boston, Seattle, and San Francisco also appeared high on the AFIRE list.