A recent study from the Association of Foreign Investors in Real Estate (AFIRE), has Boston behind only New York and Los Angeles as the best cities for foreign real estate investment in 2017. Boston is up two spots from number five on the list a year ago.
The Top 5 Cities For Foreign Real Estate Investment in 2017:
- New York
- Los Angeles
- San Francisco
About the Association of Foreign Investors In Real Estate
AFIRE consists of many of the largest investors in real estate in the world. Members of this organization are not homebuyers, but rather investors in industrial, multifamily, office, retail, and hotel real estate. Boston remains a very popular city for residential buyers as well.
Future of Real Estate Investment in Boston
The future of foreign investment in the United State is a little bit uncertain according to James Fetgatter the CEO of AFIRE because of things like Brexit, for example. However, Boston is expected to remain among the top markets in the U.S. Also, experts suggest that investment from China could slow somewhat in 2017. Domestic spending is expected to continue at a healthy rate, especially in Boston which boasts one of the hottest real estate markets in the country.
To learn more about real estate opportunities in Boston, contact Bulfinch Boston Realty today!