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Wednesday, February 6, 2008

New York Real Estate Safest for Foreign Investors

Based on a survey conducted in 2007 by the Association of Foreign Investors in Real Estate, the New York commercial real estate market ranked the first and it is considered to be the safest market for foreign investors. New York was followed by Washington, D.C., and ranked second. The investors, who participated in this survey, said that they are planning to raise the global real estate by spending about $1.7 billion this year, up from nearly $1.4 billion in 2007. The Los Angeles commercial real estate market came third. These figures are expected to remain unaffected this year according to the Long Beach Press Telegram.

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