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Washington loses its attractiveness for foreign investors in real estate

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Washington loses its attractiveness for foreign investors in real estate

For the first time, Washington has not got in Top Five of the U.S. cities popular with foreign investors putting up in real estate, Interfax news agency reports on Monday.

The reason is high prices, weakening of demand for office buildings on the part of state institutions, as well as upcoming changes in the Presidential Administration.

According to the annual poll conducted by the Association of Foreign Investors in Real Estate (AFIRE), which has been conducted since the year 1992, Washington moved down to the 6th position in 2016, compared with the 4th position it held a year before.

On a worldwide scale, the capital city of the USA moved from the 9th position down to the 15th position. Thus, Washington has not entered international Top 5 since the year 2013.

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