Mid-Year Investor Survey Projects U.S. Recovery by Mid-2010
July 25, 2009 by Brian Kinkade
Filed under Denver Real Estate
Foreign real estate investors expect recovery of the U.S. market by the end of the second quarter 2010, according to a new survey from the Association of Foreign Investors in Real Estate (AFIRE).
Although 75 percent of the survey respondents had not yet invested in 2009, more than two-thirds plan to invest some debt or equity in U.S. real estate before the end of the year.
Highlights of the latest AFIRE survey are:
- Respondents project their investments for the rest of 2009 will be substantially greater than their investments completed year-to-date.
- On the debt side, respondents expect to invest three times more than their current YTD investment levels.
- Equity investors expect to place seven times more than their current YTD investments.
- 31 percent are more optimistic than at the beginning of the year.
AFIRE members projected the office sector will lead the recovery, followed by multi-family and industrial sectors. In comparison, in the January survey, they expected the multi-family sector to lead it.
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