DC Tops the List for Foreign Real Estate Investors

WASHINGTON, DC-The District-based Association of Foreign Investors in Real Estate has concluded in its annual survey that international interest in Washington, DC commercial properties–as well as interest in the US market as a whole–has not waned in light of the recent terrorist attacks. The organization’s findings are based on a survey conducted less than a month after the September 11 attacks on The Pentagon and New York’s World Trade Center. Among non-US AFIRE members, the two cities have tied for the position as the number one US investment market. The organization has 155 members representing 17 countries.

AFIRE’s report found that 61% of those surveyed believe the terrorist attacks have not affected their plans for investment in the States. In an even more positive finding, the survey showed that a whopping 29% believe there will be future opportunities as a result of the attacks. One respondent explained the position, noting, “The events have caused the recession to quicken. As a result, opportunities may arise earlier.”