For the second consecutive year, New York outranked London as the top global city for foreign real estate investment, according to the 24th annual survey taken among the members of the Association of Foreign Investors in Real Estate (AFIRE). Berlin, ranking fourth, became the first German city to be named among the top five global cities. New York was also named the top U.S. city for foreign investment.
And despite concerns about the impact of higher interest rates, 64% of survey respondents say they expect to have modest or major increases in their investment in U.S. real estate in 2016. Another 31% say they expect to maintain or reinvest their investments, while none plan a major decrease.
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