The
US is leading the way in the bid to attract commercial property
investors, according to a report from Association of Foreign
Investors in Real Estate (AFIRE), which has been welcomed by AAA.
Boston,
MA, USA, January 8, 2013 -- The US is leading the way in the bid
to attract commercial property investors, according to a report from
Association of Foreign Investors in Real Estate (AFIRE), which has
been welcomed by Alternative Asset Analysis (AAA).
The
annual survey from AFIRE has found that four of the top five cities
in the world for commercial property investment are in the US for the
first time since the annual survey started in 2001. AAA claims that
this suggests that the outlook for the US economy is perhaps even
more positive than expected, with businesses keen to move into the
country and commercial property deals increases reflecting this.
AAA's
analysis partner, Anthony Johnson, said, "Investing in real
estate in US cities could bring very strong returns for those looking
for alternative investments to balance their portfolios. Real estate,
along with timberland, is a good medium to long-term investment
prospect and can offer individuals with just a relatively small
amount of cash to invest with a significant pension income, for
example."
New
York was still number one in terms of commercial property investment,
with London hanging on to the number 2 spot. However, numbers three,
four and five were more of a surprise to investment experts,
explained AAA.
San
Francisco rose to third from fifth, followed by Washington DC, with
Houston, Texas coming in at number five, despite not being ranked at
all last year.
"Houston
was a surprise to us," James Fetgatter, the chief executive of
AFIRE told Reuters. "San Francisco and Houston being in the top
five global cities, it shows that this is where our people think the
economy is going to revive. They believe these are where the drivers
of the economy are going to be - in energy and tech."
AAA
advocates alternative investments, such as real estate investment and
investment in timberland through sustainable models like those used
by Greenwood
Management in its Brazilian plantations.
About
Alternative Asset Analysis:
The
remit of Alternative Asset Analysis is to analyse and provide news on
the global performance of a wide range of alternative asset classes
including, but not restricted to, commodities, real estate, forestry,
foreign exchange, hedge funds, private equity and venture capital.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
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