insight: usa 42
Long-term asset
sustainability driving
investor interest
Funding accessibility to prove key for US rebound
The survey also reported that equity investors plan to increase
investment activity by 73 percent within the US, and 40 percent
globally. Survey respondents hold approximately one trillion
dollars of real estate, including US$371 billion in the US.
Once again, survey respondents rated the US as the country
providing the most ‘stable and secure’ real estate investments by
a staggering 53 percent margin, with Germany and Switzerland
tying for second place at just 11.3 percent. Further down the
rankings, Australia and Canada also tied for third place at 4.8
percent each.
In contrast to the 2008 survey findings, half of the top 10 global
cities favoured by investors are located in the US, as opposed to
a predominantly Asia-based top 10 last year. The national capital,
Washington, DC, claimed top spot as the preferred city for foreign
investors, with New York City coming in third, just after London
but ahead of Tokyo and Shanghai. The US also took top spot as
the destination with the best opportunities for asset appreciation,
with 37 percent of the votes, followed by Brazil and China.
A recent survey conducted by the US-based Association of Leading asset class investment opportunity was residential
Foreign Investors in Real Estate (AFIRE) has reinforced the North (apartments) followed by office (which held the preferred asset
American market’s attractiveness to foreign investors, with 2009 class title for the past two years), industrial, retail and hotels.
spend anticipated to be ‘significantly more’ than in 2008. Almost three-quarters of the survey’s respondents stated
that the sustainability merits of US properties were decision
The 17
th
annual survey of AFIRE members said that, compared influencers and worth a rental premium. Respondents also
to transactions completed by October 2008, foreign real estate reported that the hunt for attractive investment opportunities is
lenders say they plan to increase lending by 54 percent globally, becoming easier.
and by 58 percent in the US alone. Commenting on the survey
findings, James A Fetgatter, AFIRE’s chief executive, said: “Our The key concern among industry professionals continues to
investor members have expressed a growing confidence and be the issue of availability of credit. In its 2009 US Real Estate
interest in US real estate. Their investment plans for 2009 for the Survey, Colliers International USA executive vice president for
US resemble the flight to quality that is creating the demand for market and economic research, Ross J Moore, commented:
U.S. Treasuries.” “Credit, credit and credit were the top three issues reported
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