U.S Real Estate to Attract More Foreigners in 2016

According to a survey conducted by the Association of Foreign Investors in Real Estate, most foreign investors expect to put more money into U.S property in 2016 than they did in 2015, with New York being the top target market globally.

According to the 24th annual survey by the group called AFIRE, sixty-four percent of respondents said they plan to make modest or major increases to investments in U.S real estate this year. Thirty-one percent of respondents expect to maintain their holdings or reinvest sales proceeds into other U.S assets. None of the respondents are planning a major decrease in investments. Approximately 200 members of the group participated in the survey.

Jim Fetgatter, chief executive of Washington-based AFIRE, whose members carry approximately $2 trillion of real estate worldwide, stated that this is a very strong response. He stated that with Brazil's recession, China's economic slowdown and Europe's immigration crisis underscored for international investors, U.S at the moment is the safest place for foreign investors.

London was the second most popular city for real estate investments in the survey, while Los Angeles was the third most popular city. Berlin took fourth place while Paris and San Francisco tied for fifth place.

Reference: Bloomberg Business

http://www.bloomberg.com/…/u-s-real-estate-to-draw-more-for…