U.S. Loses Top City Slot, Leads Other RE Investment Categories
The United States is the top property market in three categories but the leading city this year lies elsewhere, according to the Association of Foreign Investors in Real Estate’s survey.
London unseated New York as No. 1 in the ranks of best cities for the first time since 2009, but the U.S. overall continues to provide the most stable and secure market, the best opportunity for capital appreciation, and the country with the most RE acquisitions planned for 2014.
Thirty-five percent of respondents have a more optimistic outlook for the U.S. market, and 65% say their view of the market has remained on an even keel.
The James A. Graaskamp Center for Real Estate, Wisconsin School of Business conducted the survey in the fourth quarter of 2013, according to AFIRE.