New York City returns to top spot for foreign investors’ capital
New York City has returned to its long-held slots as both the number one global and number one U.S. city for investment in real estate, according to the 23rd Annual Survey taken among the members of the Association of Foreign Investors in Real Estate. With the exception of the previous year, when London nudged it into second place, New York City has held the top rank, both globally and among U.S. cities, since 2010. London returned to the second place slot, followed by San Francisco, which was third a year ago as well. Tokyo and Madrid bumped up to a tie for fourth place. Last year Tokyo was in 15th place and Madrid ranked 13th. These cities replaced Houston and Los Angeles. For the second year in a row, Spain also ranked as the second-best country for capital appreciation. Brazil reclaimed its first-place spot among emerging markets, putting China into second place.