PHOTO: London Beats New York Among Foreign Investors in Real Estate – Bloomberg – Photographer: Chris Jackson/Getty Images
New York City took a double hit in an annual survey of real estate investors, which saw London overtake it in first place globally and Los Angeles tie it for top U.S. city.
The annual survey of the Association of Foreign Investors in Real Estate asks its members, who are estimated to have more than $2 trillion in real estate assets under management, to rank markets by various measures, such as stability and opportunity for capital appreciation.
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