Tuesday, January 7, 2014

London knocks off New York City as top spot for foreign investors

A combination of factors, such as the financial crisis, a false recovery, new government regulations, and a general mistrust from investors, has dented Wall Street.  This is now showing up based on the recent survey conducted by the Wisconsin School of Business.  London now is the #1 destination for foreign investors:
London is the top choice for foreign investors, beating New York City, which finished second in a poll released today.
San Francisco ranked third, followed by Houston and Los Angeles. Washington, D.C., fell out of favor as a destination for foreign money, dropping to ninth, after Tokyo, Madrid and Munich. New York ranked first in the previous three years.
The survey was conducted in the fourth quarter of last year by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business. Respondents were members of the Association of Foreign Investors in Real Estate (AFIRE.)

Read more here: http://www.mcclatchydc.com/2014/01/06/213625/london-knocks-off-new-york-as.html#storylink=cpy