A recent report in the Association of Foreign Investors in Real Estate has ranked Austin 11th in top cities for U.S. and global investment in 2009, up from 16th place in 2008. Washington D.C. took the top spot on the ranking, followed by New York, San Francisco, Los Angeles and Houston for the top five. Foreign investors were most interested in purchasing multifamily sectors, followed by office space, industrial buildings, retail space and hotels. What’s interesting to note is that the two years prior, office space investment was ranked first but because of the dwindling economy, investors may have shifted their focus to the multifamily sector. One great way to capture the foreign buyers is to list with an agent affiliated with an international real estate firm such as Sotheby’s. With over 470 Sotheby’s affiliate offices worldwide in 30 countries or territories and over 9000 associates, chances are when you list with me, you will capture the eye of potential foreign buyers. It’s just one more feature that sets me apart from many of my counterparts.
