Monday, March 30, 2009

San Francisco ranks #6 globally for real estate investment


According to a survery conducted by the Association of Foreign Investors in Real Estate, San Francisco ranks sixth worldwide for investment opportunities:
"For the U.S. and U.K., part of it is flying back to safety," says François Ortalo-Magne, a real estate professor at the Wisconsin School of Business. " For China and India, there's a sense that we went there and tried it, but it wasn't producing."

That makes 2009 the year of playing it safe and not chasing exotic opportunities in far-flung locations. It's even injected a sense of humility into the investing world...

For their part, the optimists think 2009 might be the year that sideline money starts to come back into the marketplace -- and, especially for the cities on this list, it will come back in a flood, not a trickle.

"There's a lot of money that needs to be invested," says François Ortalo-Magne. "The instant people feel an inkling of a turnaround, money is going to flow in."

ARTICLE: FORBES VIA CANADA.COM

No comments:

Post a Comment