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DC Tops the List for Foreign Real Estate Investors

WASHINGTON, DC-According to the Association of Foreign Investors in Real Estate, terrorist attacks in the area have not discouraged interest among investors and potential investors. Not only are investors not frightened away by the events, some have become attracted to US markets because of the attacks.

By Barbra Murray | Updated on December 21, 2001

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.”

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