Foreign Investors Optimistic About U.S. Real Estate Market
Posted by TheHomeCart.com on Wednesday, June 24th, 2009 at 12:58am.A new survey released by the Association of Foreign Investors in Real Estate (AFIRE) indicates 31 percent of survey respondents are more hopeful about the U.S. real estate market than they were last January. Most of the 200 AFIRE members surveyed plan to invest substantially more during the rest of 2009 than year to date. On the debt side, they expect to invest three times more. Equity investors expect to place seven times more. To date, 75 percent of the survey respondents have not yet invested in 2009 but more than two-thirds of them plan to invest some debt or equity in U.S. real estate before the end of the year.
Survey respondents chose the office sector as the preferred property type for their real estate investment dollars, followed by the multi-family and industrial sectors. As in January, they predicted that the cities of Washington, D.C., New York and San Francisco will lead the recovery. Twice as many respondents named Washington as their city of choice over second-place New York," said James A. Fetgatter, chief executive of AFIRE. "The perception that Washington, D.C. will be the first to recover has risen dramatically since the Annual Survey.”
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Excellent article! i liked the details alot.
Posted on Friday, October 2nd, 2009 at 12:55 PM.