ESTATE


International interest grows in US lending
2009/02/10, 7:12 pm
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The Association of Foreign Investors in Real Estate (AFIRE) reports that foreign real estate lenders could grow lending by as much as 58 percent in the United States this year, with interest in cross-border property investing especially robust.

In a recent AFIRE member survey, the top five most attractive U.S. cities in terms of investment dollars were the District of Columbia, New York City, San Francisco, Los Angeles and Houston.

Meanwhile, 53 percent ranked the United States as the nation providing the most secure property investments.

Respondents also listed multifamily housing, office space, industrial properties, retail, and hotels as the top five preferred property types.

Source: National Mortgage News, Bonnie Sinnock (02/09/09)

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