US Remains Strongest Investment OpportunityJanuary 15, 2016
| John Salustri
The Washington, DC-based Association of Foreign Investors in Real Estate came out with its annual investors survey (it’s 24th, in fact), and New York City and the US in general both topped the list of best bets for investment in 2016.
In fact, New York held onto its Number-One position from last year’s survey. London did the same in the Number 2 spot. Rounding out the Top Five were: Los Angeles at Number 3 (a big jump from last’s year’s Number 10 position); Berlin (up to 4 from last year’s 7); and San Francisco, which slipped a bit from its Number 3 spot.)
And just as last year, the US is Number 1 among the most stable countries for real estate investment. In descending order, the following three countries held onto their Number 2, 3 and 4 positions: Germany, the UK and Canada. Australia brought up the rear at Number 5, still an impressive showing, given that it didn’t even rank last year. It should be noted that the US also topped the list of countries providing the best opportunity for capital appreciation.
“The investment opportunity is the United States, itself,” said AFIRE CEO James A. Fetgatter in a statement. “The real estate fundamentals are sound; the economy continues to remain strong; and there are opportunities across all sectors of the real estate spectrum--in both gateway and secondary cities.”
The United States’ investment poll position was certainly helped by the expansion of FIRPTA last year. As Fetgatter noted, the legislation should “provide additional incentives for foreign investment in the US. With a strong currency and the best opportunity for capital appreciation, the US is the safest harbor.”
For more on the AFIRE survey, visit their website.
About the Author
John Salustri is one of the nation’s most respected writers in the field of Commercial Real Estate. A multiple award winner for excellence in journalism, John is the founding editor of GlobeSt.com, the nation’s premier news and information site for the commercial real estate industry. Today John is a freelance writer and editor, focusing on helping companies boost their industry presence through enhanced web and print content.