Best Place in the World to Invest?
Good news for American investors. Although London was listed as the top city for foreign real estate investment opportunities, New York is still in second place according to a recent survey by the Association of Foreign Investors in Real Estate.
The survey found that San Francisco was the third favorite city for foreign investors, with Houston and Los Angeles coming in at four and five, respectively. The U.S. remains the most “stable and secure” country for investment by a wide margin of more than 50 percentage points over second-place country Germany. This is the widest margin since before the crash of 2008.
Check out this video from CNN for further explanation on the current US Housing Market.
The U.S. remains the country providing the best opportunity for capital appreciation. It also leads the ranking for planned real estate acquisitions in 2014, with nearly 50 percent of respondents projecting a modest increase in their U.S. portfolio size and 20 percent projecting a “major” increase. “Foreign investors’ continued and growing interest in the U.S. real estate markets reflects fully functioning capital markets for both debt and equity that provide access to a broad range of investment opportunities,” said the association’s Chairman, Steven Hason.
Experts seem ambivalent on business investment and its potential importance or benefit to U.S. housing. “The lower-than-average homeownership rate and swarm of investor purchases might or might not be a long-term model for U.S. housing,” wrote S&P analyst Devi Aurora earlier this week.
The latest data from the National Association of Realtors, which was released last summer, showed that foreign buyers had scooped up $68.2 billion of single-family homes in the U.S. in the year ended March 2013. That’s about 7 percent of the total U.S. market. That number is slightly down from the $82.5 billion invested during the same period of 2012, but up from 2011. The fastest growth in foreign buyers was from China and Canada as much of the media is reporting now.
So what are you waiting for? You are already living in the best place in the world to invest. Check out our Flipping Houses University to see how you can get started.
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