2008-Jul-13 - US Real Estate Tops Foreign Investors’ List, Interest in Asia Grows

Top Cities

Although they are perennially seen as the top US cities by foreign investors, this year, New York City and Washington, DC, were named foreign investors’ top global cities. New York City leaped ahead by a substantial margin to be named the top global city, followed by Washington, DC, and London in a tie for second place. Last year, New

York was ranked second globally and Washington was ranked fourth. Paris fell from second to fourth rank. For the first time ever, five of the top 10 cities were in Asian markets, with Singapore showing a particularly strong improvement of 19 points. Shanghai, Singapore and Tokyo ranked fifth, sixth and seventh respectively.

Among US cities, New York maintained its number one position, followed by Washington, DC, Los Angeles, San Francisco and Seattle. Former “hot spot,” San Diego, which was the fifth-ranked city in 2005, continued its slide down the list into fifteenth place, while former “hot-spot-turned-troubled-spot,” Las Vegas, climbed from sixteenth place in the 2006 survey, to eighth place this year.

Link: http://www.starproject.com.sg/singapore-real-estate.htm