America's real estate market is not quite back to its pre-recession peak yet, but for the first time since 2009, the U.S. was the top destination for capital going into real estate markets last year. Total investment in real estate in America was up 12 percent in 2014, reaching $410 billion and pushing us ahead of China for the first time in five years, according to a new report from Cushman and Wakefield.
Investment in the entire global real estate market fell by 6.4 percent last year, driven in part by dropping land values in China. China is still the second most valuable real estate market in the world, though, followed by the U.K., Germany, and Japan.
New York City, unsurprisingly, was the top city worldwide for real estate investment, with more than $66 billion invested there. It's followed among global cities by London, Tokyo, L.A., and San Francisco. Here in the U.S., New York is followed by L.A., San Francisco, Washington, D.C., Chicago, and Boston, in that order.
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