Austin named No. 1 market for foreign real estate investors

[Neil Narayan]

Along with its standing as a top market for domestic real estate investors, Austin is also considered a top market for foreign investors in 2021.

A recent survey by the Association of Foreign Investors in Real Estate (AFIRE) ranked Austin as the most attractive market in the U.S. from a global perspective. The survey found that 30% of all respondents cited Austin as a top three market for planned investment this year. That put Austin in a tie with Boston atop the rankings, narrowly edging out Dallas at 29%. Rounding out the top five were Atlanta and New York City, at 25% and 21% respectively. The survey gathered insights from 101 respondents across 19 countries.

Some 33% of all respondents said Austin would be a top three market for them in the next three to five years, more than any other market. Boston and Dallas tied for second at 24%, with Los Angeles landing fourth at 21%.

Meanwhile, 23% of the investor respondents identified Austin as their No. 1 target market. The next closest city was Atlanta, which 11% of investors ranked No. 1.

Austin's top ranking on this list is unprecedented, according to AFIRE, as a tertiary city has never ranked No. 1 before.

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