28.10.2011 - Investors seek safe haven in US real estate
Foreign capital has piled into big, multi-family apartment blocks and residential homes in the US in the past year as international investors seek a safe haven in increased American demand for rental property. In absolute terms, the dollar volume of foreign purchases of multi-family properties to September 2011 has exceeded 2010's full year total by 73 per cent, according to data by Real Capital Analytics. Ben Thypin, director of market analysis at RCA, said he expected the year-on-year gain to be close to 100 per cent...............................................Full Article: Source
Print