Washington DC #2 in Foreign Real Estate Investments

The District will be the second-most favorite city, both domestically and globally, for real estate investments among foreign investors this year, according to an annual survey of the D.C.-based Association of Foreign Investors in Real Estate.

New York, which ranked No. 3 in 2010, is the No. 1 U.S. city for foreign real estate investments this year. The Big Apple also rose from No. 2 among global cities last year to top the worldwide list this year.

The survey of AFIRE members was conducted in the fourth quarter by the James A. Graaskamp Center for Real Estate at the University of Wisconsin School of Business.

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