Despite a growing interest in Asia, U.S. real estate, by a wide margin, has risen to the top of the global property market among foreign investors, with New York City and Washington named the top two global cities for foreign investors’ real estate dollars, according to the results of the 16th annual survey released today by the Association of Foreign Investors in Real Estate (AFIRE).
The survey was conducted in the fourth quarter 2007 among the association’s nearly 200 members. Collectively, AFIRE members hold $700 billion of cross-border real estate, including $230 billion in the U.S. Today’s guest, James A. Fetgatter, is Chief Executive of the Association of Foreign Investors in Real Estate (AFIRE), a position he has held since 1992. AFIRE is a not-for-profit association formed in 1988 whose members are foreign institutions who have a common interest in investing in the U.S. He has guided the growth of the association to an organization of over 185 investors from 21 countries.
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