Property investors expect spending surge
BusinessWorld reports: NEW YORK — Foreign investors in real estate expect to spend much more this year than they did in 2008, according to an annual report tracking institutional investor interest.
Both foreign lenders and equity investors planned to increase investment globally and in the US, their favored international investment target, members of the Association of Foreign Investors in Real Estate (AFIRE) said.
US commercial property sales were down by almost three-quarters to $139.43 billion in 2008 compared with 2007, according to research firm Real Capital Analytics.
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Posted by: Nina Turner