A tweet by Mike Rosenberg, a business reporter at the Seattle Times, offers a link to an interesting document released by the Association of Foreign Investors in Real Estate (AFIRE). It claims to represent "the 'who's who' in the global real estate investment industry." The document the organization dropped is called "London Edges Out NY as Top City Among Foreign RE Investors." It mainly concerns the global investor class's renewed interest in London's real estate market after a period of uncertainly caused by the 2016 passing of Brexit. These foreign investors "are [now] less concerned about the ramifications" of the UK's break with the Eurozone. As a consequence, London's real estate market is once again the top target for what I call global surplus capital.
Seattle Is Now the Number Three US City for Foreign Real Estate Investors
Published Tuesday, January 9, 2018 12:34 pm