According to the Association of Foreign Investors in Real Estate, US property is still what foreign investors go after most.
The organization ranked the top world cities in terms of foreign commercial real estate investments. Top on the list was New York City, followed by Washington DC. London, Paris and Shanghai came in after.
The survey, which is conducted yearly, was the first time that two US cities took the top two spots.
This information shows that the US does provide more stable and secure real estate investments than other countries, even with the recent problems, according to economists and investors. This is in despite of the growing tension with the credit crunch and economic slowdown in the US.
Also important to note from the survey is the jump of confidence in the emerging Chinese markets. Of the top ten global cities, five of them are Asian.
When rated as the most stable and secure countries for real estate investments, the United States was number one with 56 per cent of the vote, followed by Germany with 11 per cent, the UK with 8.8 per cent, Australia with 8.8 per cent and Japan with 5.3 per cent.
In US cities, the top five included New York, Washington DC, Los Angeles, San Francisco and Seattle.
