Posted byJonas Levy on Thu, February 27th, 2014 16:15:32
The Association of Foreign Investors in Real Estate (AFIRE) recently conducted its 22nd survey among AFIRE members, which collectively holds more than $2 trillion in global real estate investments under management. Respondents were positive about CRE investments in the United States, naming it the “most stable and secure country for investment.” Germany ranked second. The U.S. was also named as the country with “the best opportunity for capital appreciation.” Spain ranked second. These facts and more information are found here.
Here’s how AFIRE ranked the top global cities, with four of the top five located in the U.S.:
1. London
2. New York
3. San Francisco
4. Houston
5. Los Angeles
AFIRE’s annual analysis also reveals that the top five properties desired for investment are, in order of ranking, industrial, office, retail, multifamily (ranked first last year), and hotel.
Another point highlighted by AFIRE: investors are interested in secondary markets, notably for their yield potential. RealEstateDealSheet.com reported on the attractiveness of secondary markets here.
Also of note, AFIRE reports that its members say amending the Foreign Investment in Real Property Tax Act of 1980 will help buoy their U.S. real estate investments. As a bit of background, FIRPTA is described as a tax law that requires foreign investors be subject to U.S. income tax withholding and return filings if the property sale yields capital gains. This rule doesn’t apply to capital gains from stocks, per this from the vice president and counsel of The Real Estate Round Table.
For more articles, commentary, and industry expert views on commercial real estate topics and trends, visit the other articles on our blog at RealEstateDealSheet.com/blog.
Here’s how AFIRE ranked the top global cities, with four of the top five located in the U.S.:
1. London
2. New York
3. San Francisco
4. Houston
5. Los Angeles
AFIRE’s annual analysis also reveals that the top five properties desired for investment are, in order of ranking, industrial, office, retail, multifamily (ranked first last year), and hotel.
Another point highlighted by AFIRE: investors are interested in secondary markets, notably for their yield potential. RealEstateDealSheet.com reported on the attractiveness of secondary markets here.
Also of note, AFIRE reports that its members say amending the Foreign Investment in Real Property Tax Act of 1980 will help buoy their U.S. real estate investments. As a bit of background, FIRPTA is described as a tax law that requires foreign investors be subject to U.S. income tax withholding and return filings if the property sale yields capital gains. This rule doesn’t apply to capital gains from stocks, per this from the vice president and counsel of The Real Estate Round Table.
For more articles, commentary, and industry expert views on commercial real estate topics and trends, visit the other articles on our blog at RealEstateDealSheet.com/blog.
via:http://www.realestatedealsheet.com/blog/featured-content/foreign-investor-interest-secondary-markets
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