Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Saturday, January 15, 2011
US No 1 for foreign investors
US (specifically New York and Washington) is the top ranked property market according to foreign investors. Followed by Britain, Germany, China and France.
The Association of Foreign Investors in Real Estate reported that the US, focused on New York and Washington, drew 4 times as many votes as second ranked Britain. This is because fear of a double dip recession is over.
The ranked property categories are as follows:
1. Apartments
2. Retail
3. Hotels
4. Office
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