Is Washington DC Seduction City USA For International Real Estate Investors?
DC Noted as 2nd Best Places in The World For International Real Estate Investment
More good news for some segments of the DC real estate market? Yep!
DC joins NYC (who nudged us out of the number 1) in being identified as two of the very best places in the world for international real estate investment opportunities. These two US cities topped the list in a survey taken among members of the Association of Foreign Investors In Real Estate.
Quick context: The Association of Foreign Investors In Real Estate or AFIRE "hold more than $627 billion of real estate globally, including $265 billion in the U.S." So while I normally harp on showing me the raw data, I'm just going to take this study (now in it's 10th year) and $265 billion as "enough" :-)
The 5 Most Seductive US Cities For International Real Estate Investment?
- 1. New York (#2 in 2010)
- 2. Washington, D.C. (#1 in 2010)
- 3. Boston (#4 in 2010)
- 4. San Francisco(#3 in 2010)
- 5. Los Angeles (#5 in 2010)
The International Focus?
According to the members of this group, the US market presents a very strong opportunity for foreign real estate investors, with China coming in second place.
The survey also showed that these international investors are feeling more optimistic about the real estate market in the US, with over 70% of them indicating that they planned on investing more in the US this year than they did in 2010. And this is in large part why DC and New York to 1 & 2 on the internationally.
- 1. New York (#3 in 2010)
- 2. Washington, DC (#2 in 2010)
- 3. London (#1 in 2010)
- 4. Paris (#4 in 2010)
- 5. Shanghai (#9 in 2010)
So Why DC? Great question...and I have many answers. But it's still early. So I kindly ask for your opinions while I get a cup of coffee and get more into and numbers on our sister site. Noted below. Have great days!