TOP five global cities for real estate investment
London, New York, Berlin, Los Angeles and Frankfurt - this is the top five most attractive cities for real estate investment in 2018.
According to the survey of the Association of Foreign Investors in Real Estate, AFIRE, the interest in New York has slipped among the foreign investors, which enabled the capital of Great Britain to be the number one global city for real estate investments. “A year later, foreign investors are less concerned about the ramifications of Brexit,” said, Edward M. Casal, AFIRE’s chairman, explaining London’s rebound. “London has a number of attributes as a location for investment, including a stable rule of law, transparency, and use of the English language. In addition, a favorable time zone for international business, deep labor pool, and cultural attributes also help.”
For the last seven years, New York has been named the best city in the US. The metropolis remains on the list of the top five cities for real estate investment in the world. Los Angeles stays on the fourth place in the ranking, as in the previous year.
The ranking also includes two major cities in Germany: Berlin dropped from the second to third place this year, Frankfurt (13th place in 2017) broke into the list for the first time and closed the top five cities.