Biting the apple: Foreign investors pick New York City as top real estate investment opportunity
Foreign investors continue to name the Big Apple as their favorite real estate investment destination. New York City is in its seventh year as the No. 1 U.S. city for real estate investment among foreign investors and is in its third year as top global city, according to the Association of Foreign Investors in Real Estate, while Washington, D.C., continued its descent.
Rounding out the top five U.S. cities are Los Angeles, Boston, Seattle and San Francisco. London, which had been ranked either first or second among global cities for the past five years, dropped to third place. The top five global cities are New York, Berlin, London, Los Angeles and San Francisco.
Both globally and domestically, Washington, D.C., has fallen out of favor. For the first time since the AFIRE survey began in 1992, the District of Columbia has dropped from the list of investors’ top five U.S. cities. In addition, it has not been among the top five global cities since the 2013 survey, and h