While our residential and commercial markets have been battered over the past few years, there is no better place to invest in real estate worldwide that the good old United States of America.
A new study released by the Association of Foreign Investors in Real Estate (AFIR) shows that while confidence in the United State’s real estate markets is down it still is a great market for investment. And if I had to guess, as we reach the bottom the percentage of people thinking that investment opportunities will increase rapidly.
The United States remains the country selected as the “most stable and secure real estate investment environment,” although with a declining lead:
- The U.S. receives 44 percent of the vote;
- Germany receives 21 percent;
- Canada receives 14 percent.
This year, the percentage of respondents selecting the U.S. as the most “stable and secure country” falls from 53 percent in 2008 and 57 percent in 2007. This is the first time that the U.S. has fallen below 50 percent in the survey’s history.
“The financial crisis of the past year has obviously affected investors’ perceptions of U.S. real estate as ‘stable and secure,’” explains Mr. Fetgatter. “However, it is also apparent that opportunity lies within this instability since the U.S., along with the UK, show substantially higher scoring for expected capital appreciation.
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With a weak dollar and the nearing of the bottom of the market, the U.S. will see a steady increase in international investors primarily from Europe and Asia. Shopping centers, office buildings, and multifamily (specifically student housing/off campus housing & assisted living)will start looking more and more attractive with an improving economy and historically low prices.
JD
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