Global investors covet U.S. real estate

Survey finds 60% regard U.S. as 'most stable, secure' country for investment

After a 7.3 percent shortfall in planned investment in the year 2002, foreign investment in U.S. real estate rose by 59 percent in 2003 and is expected to increase by another 11.9 percent in 2004 as foreign investors earmark 56 percent of their cross-border allocations for U.S. real estate, according to the results of a survey released Wednesday by the Association of Foreign Investors in Real Estate.

The top five U.S. cities on foreign investors’ shopping lists are Washington, D.C., New York, Los Angeles, San Francisco and Chicago, the survey found.