Property investors 'set to increase US purchases'

Property investors are planning on increasing their activity in the US during 2009, a new study has revealed.

Research by the Association of Foreign Investors in Real Estate found that members of the body intend to increase their purchases by 73 per cent in the US and by 40 per cent globally during the course of the year.

Washington DC was cited as being the most popular choice for overseas buyers looking to move into the US market, removing New York as the top global city for investment.

And the US was ranked as the best country for providing potential capital appreciation with 37 per cent of the votes.

However Brazil also emerged as a popular choice, moving ten places up the rankings to second.

The US is also set to experience an increase in visitors, with Abta - The Travel Association claiming that the country will see an "Obama boom" as tourists choose to visit the country following the election of the new president.

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