WASHINGTON, DC-While the US still holds the position as the strongest and safest location for international commercial real estate acquisitions, foreign investors will increase their activity in Western Europe and the UK in 2006, according to a survey just released by the Association of Foreign Investors in Real Estate. According to the report, which surveys Afire’s 175 members located in 17 countries across the globe, investors’ plans for property acquisitions this year in the US will drop 8% from 2005 to 47%.

The slight change, Afire leaders say, is the result of the commercial real estate market’s further globalization. Still, Afire estimates that its members’ procurement in the US is expected to reach $19 billion this year. Germany will remain the lead investor among international real estate buyers, but Australia will tighten the gap by providing 40%of the estimated investment. Germany is expected to provide 49%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.