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TEXAS ATTRACTS INTERNATIONAL INVESTORS
AUSTIN (Austin Business Journal) – Despite increasing global real
estate turmoil, Texas remains an attractive play for foreign investors
looking for opportunities in the United States, a report shows.
The Association of Foreign Investors in Real Estate ranks members’ top
cities for U.S. and global investment in 2009. Houston ranked fifth, while
Austin ranked 11th, tying with Las Vegas, Phoenix, Orlando, Atlanta, San
Diego and San Jose, Calif.
Washington D.C. claimed the first spot.
The United States ranked first among nations in terms of opportunities for
capital appreciation.
Conducted in fourth quarter 2008, the survey polled the association’s
members who collectively hold about $1 trillion in real estate worldwide.
RECON
Real Estate Center Online News
January 30, 2009
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