Want to know where foreign investors are putting their money right now? According to Association of Foreign Investors in Real Estate, the US is going to get much more activity now than in 2008. They’ve pegged the second quarter of 2010 as the recovery period, which is actually not that far away when you consider the time it can take for some transactions to go through.
Two years of downturn investing has ended with Washington D.C. returning to the top of the list of global cities for foreign investment. London and New York round out the top three spots. In terms of country-wide investing, the US still holds the top spot, while Brazil and China are second and third respectively. Despite recent conditions, the US is still the most stable of all the top markets- of course that could mean that investors are predicting a slow rise in property value in the future as opposed to less obvious growth-numbers in other countries. But there are other signs of stability as well.
In an article from Washington Business Journal, “D.C. currently has the lowest unemployment rate in the country at 4.1 percent, was the most attractive U.S. city for investment dollars. New York (No. 2), San Francisco (No. 3), Los Angeles (No. 4) and Houston (No. 5) rounded out the top five.” What this all points to is that we’re, “still standin’, better than we ever did; lookin’ like a true survivor, feeling like a little kid.”
For US investors this also means that the grass isn’t really greener on the other side of the border. The US real estate market is a macro market, within which the top micro markets are beating out the foreign real estate areas. Interested in finding out about these markets? SmartZip.com is an up-and-coming site that includes property search, market ratings, heat maps, and specific property details all in one site.