DC Is (Still) the Favorite City of Int’l Real Estate Investors

• June 18, 2009

by Will Smith

The Association of Foreign Investors in Real Estate (AFIRE) today published results of a survey of its membership that bodes well for American real estate in general and the DC area in particular. According to aggregate data collected from the association’s nearly 200 members, they believe that the US real estate market will “see a recovery” by the end of the second quarter of 2010 — which happens to be exactly one year away.

The survey also asked AFIRE members about their preferred cities for real estate investment. DC ranked number one, followed by New York, San Francisco, Boston, and LA. DC also ranked number one back in January when AFIRE conducted a similar survey, but in the interim six months the nation’s capital has only solidified its position. From the press release:

“The perception that Washington, D.C. will be the first to recover has risen dramatically since the [January] survey. Twice as many respondents named Washington as their city of choice over second-place New York.”