Austin sits in the bull’s-eye for foreign real estate investors targeting the U.S.
In a recent survey released by AFIRE, an industry group for real estate investors, foreign real estate investors favored Austin over any other U.S. city for buying property in 2021. Boston ranked second, with Dallas in third place. Houston tied for No. 14, and San Antonio tied for No. 15.
This is the first time in the 30-year history of the AFIRE survey that a city as small population-wise as Austin has topped the list or even showed up in the top three. Twenty-three percent of those questioned in the survey put Austin in the No. 1 spot, and 33 percent ranked Austin first, second, or third.
Austin appeared at No. 10 on last year’s AFIRE list of the most favored U.S. markets for commercial real estate investment, while Dallas wound up at No. 7, Houston tied for No. 12, and San Antonio was unranked.
In this year’s survey, foreign real…