From the Boston Business Jouornal:

Boston is an increasingly popular city for foreign investors picking U.S. locations for real estate investment, a new survey states.

In a pick that will surprise few real estate players, Washington, D.C., ranked first in the survey of members by the Association of Foreign Investors in Real Estate. The capital region benefits from the steady flow of federal tax dollars to agencies and the desire of corporate executives to locate operations near the seat of government.

New York came in second place and San Francisco third.

But Boston made what the group called “a significant climb” to reach fourth place, displacing Los Angeles, which fell to fifth.

Members of the group also continue to like investing in multifamily properties.

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