Despite the economic drawbacks the United States may be experiencing every now and then, U.S. remains to be a country that everyone else look up to, including foreigners.
Amid any unforeseen downturn, foreigners are still willing to trust in the country's economic state and they don't find the instability a threat at all. Instead, they choose the U.S. as the perfect nest where they can hatch on financial benefits.
Here are top U.S. cities foreigners will invest in this year:
Washington, DC
According to a report in Forbes, 16 percent of the investors chose Washington, DC to invest in this 2016. Reports say the city was even their first choice. On the other hand, 9 percent of the foreign investors said it was their second choice. What Washington can offer may be something that makes it marketable in the real estate world. It has probably contributed to the reason why the U.S. stands out from all the rest, being the hot spot of foreigners who are making huge business deals around.
Boston
About 18 percent of foreign investors place Boston as their top chosen city to invest in over the next 12 months and 10 percent of investors admit the city was their second choice. Reports say that there will be five new high-rise buildings to take shape in Boston. Most of these spaces will be luxury residences.
LA is the most sought-after, at least among Chinese investors. In fact, the Greeland Properties of China will build the luxury Metropolis residences in the hope of becoming an A-lister at the Chateau Marmont. Forbes also reveals that 22 percent of the foreign investors rank LA as their top choice while 6 percent of the investors says it was their second choice.
New York City
Not one investor might dare to overlook the financial advantages NY City could give. Approximately 24 percent says New York was the perfect spot to invest this 2016 while 16 percent admits it was their second choice. Forbes reveals that South Korea is one of the city's investors, specifically for the New York Palace hotel where they have agreed to pay almost $900,000 per room. Data show that Koreans have beaten the investment history of Northwood which paid $377 million for the property back in 2011.
