Despite some hesitation over global economies experiencing a downfall, the American real estate sector is still a haven for foreign investors to keep their money for steady growth. In Colliers International's Global Investor Outlook 2016, the company pinpointed the top 10 U.S. cities that can expect an influx of cash from foreign investors.
Topping the list was San Francisco and New York (no surprise there). Of the respondents in Colliers International's survey, 27% of global investors chose San Francisco as their No. 1 choice to purchase property and 10% chose it as their No. 2 choice. For New York, 24% said it was their first choice and 16% said it was their second choice. New York also remained the most popular choice across all property types.
Real Capital Analytics says cross-border investment rose 100% on a year-over-year basis with $850 billion-plus in real estate deals as of mid-November 2015. Negative yield in wealthy Europe, and cash rich Chinese are driving demand in stable markets around the world. While most countries have one or two favorite cities, the U.S. stands out and has a number of hot spots where foreigners are buying, building or lending capital to development deals.