亚洲免费在线-亚洲免费在线播放-亚洲免费在线观看-亚洲免费在线观看视频-亚洲免费在线看-亚洲免费在线视频

World's Best Places for Real Estate Buys

系統 1734 0
by Matt Woolsey
Thursday, January 22, 2009
provided by

Washington, D.C., traditionally takes a back seat to world cities like London, New York and Tokyo when it comes to real estate investment.

That's likely to change.

Thanks to a proposed $1 trillion wave government spending, investors are flocking to D.C. for opportunities in the commercial and residential real estate markets. All these new programs will need offices, after all, and their employees will need places to live.

More from Forbes.com:

? In Depth: World's Best Places For Real Estate Buys

? In Depth: America's Best Long-Term Housing Bets

? In Depth: World's Most Valuable Addresses

This year, Washington leapfrogged London for the first-place ranking in the world's best cities for real estate investment. But don't count out the world's financial capitals just yet--even with massive financial troubles in London and New York, those cities finished second and third, respectively.

Why? It's the appeal of long-term stability, and fears that emerging countries are going to take a harder hit. While the U.S. property market sputters, China is poised for its worst deflation in a decade, focused heavily on property price declines, according to Deutsche Bank.

"For the U.S. and U.K., part of it is flying back to safety," says Fran?ois 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."

Behind the Numbers

Forbes' rankings come from the Association of Foreign Investors in Real Estate, a research association that tracks where member investors are finding the best opportunities around the world. AFIRE surveys its 200 members, who collectively hold $700 billion in cross-border real estate.

U.S. cities surged up this year's list: San Francisco moved to sixth from 24th last year; Los Angeles moved to seventh from 19th; Houston moved to eigth from 32nd. Cities in the Asia Pacific region dropped: Sydney fell to 11th from ninth; Hong Kong dropped to 22nd from 10th place.

This year, investors know that valuations can't be trusted. In 2008, the American residential market fell 19%, according to the Case-Shiller index; U.K. prices dropped 16% according to Nationwide, a U.K. builder. Commercial values in both countries have started to soften due to recessions on either side of the pond.

In 2008, investors to spend tried to call the bottom and gambled in emerging markets. This year, they're looking at premium locations in cities with proven track records.

"We don't feel comfortable that we are able to identify what value is," says Richard Kessler, chief operating officer of Benenson Capital Partners, a global real estate investment group. "Having said that, if an opportunity exists on Park and 57th Street, or something we've always wanted to own on Pennsylvania Avenue in D.C., or some other very strategic long-term asset, we would look at it."

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.

More from Yahoo! Finance:

? 5 Home-Buying Blunders to Avoid This Year

? America's Most Affluent Neighborhoods

? Lower 'Scorching' Winter Heat Bills


Visit the Real Estate Center

"There used to be a rivalry between New York and London," says Kenneth Patton, divisional dean of the New York University Schack Institute of Real Estate. "The subject has shifted to the fact that we're both in the same lifeboat, and maybe it's leaking."

While some investors play it safe, others are content to wait out the real estate downturn entirely.

"Most of the [usual] participants are sitting on the sidelines," says Kessler. "There's a lot of capital, but everyone is uncomfortable about deploying that capital."

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 Ortalo-Magne. "The instant people feel an inkling of a turnaround, money is going to flow in."

Whether that inkling comes in 2009 or 2010, however, is an altogether different question.

No. 1: Washington, D.C.

Washington1&lt;br ? iStockphoto.com < td>

Commercial and residential real estate often function as different markets, but both need low unemployment and strong job growth to puts money in the pockets of consumers and help businesses to succeed.

At present, D.C. has the lowest unemployment rate in the country--4.1%, compared to the 7.2% national average. With President Obama's stimulus package recommending $1 trillion in new spending, it's unlikely government jobs--and those they support--will be leaving the District anytime soon.

No. 2: London, U.K.

London1.gif
? Shutterstock < td>

A pure opportunity market. Home prices in central London continue to decline at a rate of 3.5% per month, according to Knight Frank, while commercial properties have been slipping at 2% per month. The office for market space is particularly overbuilt, according to Knight Frank, and vacancy rates have steadily inched upward.

Even as the country sits firmly in recession, London is a market where investors feel safe making long-term plays and believe they can get reasonable discounts on prices.

No. 3: New York, N.Y.

NYNY1.gif
? Klaas Lingbeek- van Kranen/iStockphoto.com < td>

The New York residential market, which most termed bulletproof during the general housing downturn, has finally started to slip, with sales volume down by as much as 75% in some neighborhoods, according to Miller Samuel, a Manhattan-based appraisal firm.

According to Cushman Wakefield, a New York-based commercial real estate firm, prices have started to slip in even premium areas like 57th Street or Soho, though this hasn't yet appeared in quarterly reports.

No. 4: Tokyo, Japan

Japan1.gif
? iStockphoto.com < td>

Japan knows a thing or two about dealing with a real estate collapse. Their "lost decade" of the 1990s came as the result of a speculative real estate bubble.

As a result, Japanese investors largely avoided buying and issuing the subprime products flowing through American and European institutions.

That makes Tokyo a safer bet in terms of determining reasonable valuations, since there are fewer unknowns in the property market.

No. 5: Shanghai, China

China2.gif
? Shutterstock < td>

China's growth has slowed from 9% to 7%, and the global slowdown threatens to sink that rate further. According to Deutsche Bank, China is poised for its worst deflation in a decade, driven by property price declines. What makes Shanghai attractive however, is the chance at getting discounted properties in a market that overheated in the last decade.

Unless you believe China won't be important by the time the global economy bounces back, it's difficult to bet against a blue-chip locale like Shanghai, which will likely have a quicker recover cycle than secondary cities like Shenzhen

Click here for the full list of The World's Best Places for Real Estate Buys

World's Best Places for Real Estate Buys


更多文章、技術交流、商務合作、聯系博主

微信掃碼或搜索:z360901061

微信掃一掃加我為好友

QQ號聯系: 360901061

您的支持是博主寫作最大的動力,如果您喜歡我的文章,感覺我的文章對您有幫助,請用微信掃描下面二維碼支持博主2元、5元、10元、20元等您想捐的金額吧,狠狠點擊下面給點支持吧,站長非常感激您!手機微信長按不能支付解決辦法:請將微信支付二維碼保存到相冊,切換到微信,然后點擊微信右上角掃一掃功能,選擇支付二維碼完成支付。

【本文對您有幫助就好】

您的支持是博主寫作最大的動力,如果您喜歡我的文章,感覺我的文章對您有幫助,請用微信掃描上面二維碼支持博主2元、5元、10元、自定義金額等您想捐的金額吧,站長會非常 感謝您的哦!!!

發表我的評論
最新評論 總共0條評論
主站蜘蛛池模板: 亚洲一区二区三区免费观看 | 老色鬼久久综合第一 | 久久精品3| 四虎在线精品观看免费 | 国内一区亚洲综合图区欧美 | 日韩精品一区二区三区视频 | 欧美激情精品久久久久久久久久 | 亚洲色婷婷综合开心网 | 欧美成人精品欧美一级乱黄 | 97国产在线公开免费观看 | 91精品国产免费久久久久久 | 小h片在线播放 | 夜夜嗨影院| 国产三级久久 | 波多野结衣一区二区三区四区 | 天天做天天爱天天一爽一毛片 | 亚洲一区二区三区高清 | 天天艹夜夜艹 | 久久爱www成人 | 在线播放精品视频 | se成人| 久久精品网站免费观看调教 | 澳门一级特黄录像免费播黄 | 7777奇米| 精品国精品国产自在久国产不卡 | 国产精品模特hd在线 | 精品在线一区二区 | 国产欧美亚洲精品第二区首页 | 免费永久欧美性色xo影院 | 免费一级黄色毛片 | 色综合久久天天综合观看 | 激情综合婷婷 | 国产精品无码久久av | 99热国产这里只有精品 | 欧美视频www | 九九精品激情在线视频 | 国产精品视频专区 | 99精品国产成人一区二区 | 奇米6666| 亚洲伊人tv综合网色 | 亚洲精品tv久久久久久久久久 |