As the "degree of difficulty" in finding attractive real estate investment opportunities increases, foreign investors are losing their appetite for U.S. real estate. According to the results of a survey released today, members of the Association of Foreign Investors in Real Estate said that while overall spending will increase both globally and in the U.S., they will reduce the U.S. percentage of their total global real estate acquisitions from 71 percent in 2004, to 55 percent in 2005, and invest a greater percentage of their portfolios in an ever-widening global arena that includes Japan, Eastern Europe and Australia. The 13th annual survey was conducted by Kingsley Associates among AFIRE members who collectively have nearly $300 billion invested globally. Nearly 60 percent of survey...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.