Magazine article Mortgage Banking

Foreign Real Estate Investors Move Money out of U.S

Magazine article Mortgage Banking

Foreign Real Estate Investors Move Money out of U.S

Article excerpt

Despite the high regard they have for the United States as the world's most stable and secure country for real estate investments, expect foreign investors to spread their wealth around in 2006, according to a survey by the Association of Foreign Investors in Real Estate (AFIRE), Washington, D.C.

Survey respondents said that the percentage of their 2006 global investment plans allocated for U.S. properties will drop to 47 percent in 2006 from 55 percent last year, while investors also identified Western Europe and the United Kingdom as key investment markets.

The survey results reflect the continuing globalization of today's commercial real estate market, noted Mark Baillie, AFIRE chairman and head of real estate in North America and Europe for Macquarie Real Estate Inc., Seattle.

"Depending on an investor's risk appetite, real opportunities to invest now exist in many different regions and product types," said Baillie. "At the same time, for many reasons--including transparency, market fundamentals and sheer size of the market--foreign investors have expressed an extremely high degree of confidence in the U. …

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