(Bloomberg) -- Australian investors widened their
lead as the biggest international buyers of U.S. real estate,
spurning skyscrapers in New York and San Francisco for warehouses
in Mineral Wells, West Virginia, and malls in Sylvania, Ohio.
This year, Australians purchased $7.7 billion of U.S. real
estate, or $2.2 billion more than they acquired during all of
2006, according to New York-based Real Capital Analytics Inc., a
provider of data on the U.S. property market. Germans spent $2
billion in the same period and Middle East buyers $3.9 billion.
Read more at Bloomberg Exclusive News
lead as the biggest international buyers of U.S. real estate,
spurning skyscrapers in New York and San Francisco for warehouses
in Mineral Wells, West Virginia, and malls in Sylvania, Ohio.
This year, Australians purchased $7.7 billion of U.S. real
estate, or $2.2 billion more than they acquired during all of
2006, according to New York-based Real Capital Analytics Inc., a
provider of data on the U.S. property market. Germans spent $2
billion in the same period and Middle East buyers $3.9 billion.
Read more at Bloomberg Exclusive News
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