U.S. real estate to draw more foreign investors in 2016
Most foreign investors expect to put more money into U.S. property this year than they did in 2015, despite concerns about the impact of higher interest rates, according to a survey by the Association of Foreign Investors in Real Estate. Some 64 percent of respondents plan to increase U.S. property holdings, while another 31 percent say they expect to maintain or reinvest their investments.
New York City remains the top target market worldwide for foreign investments, followed by London. And Los Angeles jumped from 10th place in 2015 to third place in this year’s survey. Berlin, ranking fourth, became the first German city to be named among the top five global cities.
China’s economic slowdown, Brazil’s recession and Europe’s immigration crisis underscored for international investors that “the U.S., at the moment,