In a recent survey completed by members of the Association of
Foreign Investors in Real Estate (AFIRE), Boston ranked third
behind New York and Los Angeles in the category of top U.S. cities
for foreign real estate investment. AFIRE is made up of foreign
companies who invest in real estate, their advisors, managers,
lawyers and accountants, and US institutions who invest in
international real estate.
In a statement
released last month, the association reported that 95% of the
respondents say they will maintain or increase their investment in
the US. Hailing from 22 different countries, members of the
prestigious association cite the countrys sustainable economic
growth, strong rule of law, transparency, and relative overall
security for investments.
More than half of the surveys respondents reported plans to
increase both value-added and opportunistic allocations in the
coming year. The U.S. took first place for being the most stable
and secure country for real estate investment, edging out both
Germany and Canada, along with a first place finish in countries
providing the best opportunity for capital appreciation.
Globally, concerns about the effects of Brexit still haunt
investor decisions. London fell back in its global position,
historically ranking either first or second, now taking third place
behind New York and London. At home, the investment market broadens
with industrial property edging out multifamily to take first place
among top property types.
Meanwhile, Boston continues to be a desired location for many
foreign investors. The city climbed two spots since last year to
join the ranks of the top destinations for foreign investment. As a
hub for luxury real estate and sound investments, the Beantown sits
proudly among our countrys best. For more information on available
properties, visit www.gibsonsothebysrealty.com
Soure: Boston Real Estate
Times