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October 20, 2014

U.S. a Safe Bet for Foreign Homebuyers

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U.S. a Safe Bet for Foreign Homebuyers

American cities claimed four of the top five spots in the world for foreign property investors. However, London claimed this year’s top pick as the best city in the world for foreign property investors, according to a survey conducted by the Association of Foreign Investors in Real Estate.

Several major property deals in London last year helped it nab this year’s top spot. Last year’s top pick, New York, came in second in this year’s survey.

The top five spots for foreign buyers worldwide, according to the survey, are: 

  1. London
  2. New York
  3. San Francisco
  4. Houston
  5. Los Angeles

The U.S. kept its position as the most “stable and secure” country overall for foreign investors with property, according to the association. The U.S. was more than 50 percentage points ahead of Germany, which came in second place as most “stable and secure.”

“Foreign investors’ continued interest in the U.S. real estate markets reflects fully functioning capital markets that provide access to a broad range of investment opportunities,” says Steve Hason, chairman of the Association of Foreign Investors in Real Estate’s chairman.

Source: “London Claims Top Spot for Foreign Buyers,” London Evening Standard (Jan. 6, 2014) and “London Voted World’s Best for Foreign Buyers,” Sky News (Jan. 6, 2014)

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