U.S. Chosen as Top Country for Real Estate Investing in 2012 ...

By Parker Winship

A survey of the Association of Foreign Investors in Real Estate?s (AFIRE) members cited the U.S. as the top pick in 2012 for commercial real estate investors, according to Reuters.

The U.S. was said to have the most stable investment opportunities in commercial real estate. Investors surveyed also said that a foreign investment tax like the one implemented in 1980 as well as boosted rent and occupancy rates were the major incentives for investing in U.S. real estate.

During the past year, investors have centered on gateway cities like Boston, Los Angeles, New York, San Francisco and Washington. This has increased prices and decreased yields.

Brazil came in second in the AFIRE survey. The country?s biggest city, Sao Paulo, rose from the 26th best city for real estate investment in 2011 to the 4th best this year. Improved market stability and a stimulated economy were both cited as reasons for Brazil?s rise as a top pick for commercial real estate investment.

James Fetgatter, AFIRE Chief Executive Officer, was quoted in Reuters as saying, ?By no means will Brazil replace the U.S., at least not in the foreseeable future. Brazil is considered now a much safer place to invest and a place where you can get capital appreciation and good yield.?

As for the U.S., Fetgatter said, ?The negative is it doesn?t promise a whole lot of capital appreciation because the prime markets are already fully priced.?

Of the $874 billion of real estate held by those members who AFIRE surveyed, $338 billion was in the U.S. 60 percent of those surveyed said they intend to invest more in U.S. real estate in 2012. The number has fallen since last year?s survey, when it was 72 percent.

The percentage that said the U.S. had the best chance for growth in the value of commercial real estate investments also decreased since last year?s survey, with 64.7 percent in 2011 and 42.2 percent this year.

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Source: http://www.realtor.com/blogs/2012/01/04/u-s-chosen-as-top-country-for-real-estate-investing-in-2012/

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