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What Are Foreign Investors’ Top 5 Global Cities For Real Estate Investment?
November 29, 2009 by Neil · 2 Comments
For the past two years, New York was considered the top city for global real estate investors. This past year, New York was replaced by Washington, D.C., according to the investing trade group AFIRE. This is no surprise, considering the growth of government programs and bureaucracy. The top 5 cities are:
1. Washington, D.C.
2. London
3. New York
4. Tokyo
5. Shanghai
Half of last year’s top ten cities were in Asia. This year, half of the top ten cities were in the U.S.
It will be interesting to see:
1. if New York drops further
2. how much further New York drops (FIRPTA, Stuyvesant Town, rent regulation, rising cap rates and vacancy rates)
3. how many additional Asian cities, specifically in China, will soon occupy the top ten
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In real estate you must have a balance knowledge on buying or selling a property. This will help you in doing the right decision.
That “balance” may not be enough.
Thanks for writing.
Neil