美国二线城市良 好的基本条件
Strong Fundamentals in U. S. Second Tier Cities
撰稿人 马克 · 杜牧 By Mark Drumm
美国二线城市房地产市场凭借其在经济 、 基础设施和成本基本要素方面的良好条 件, 可以为外国资本提供良好的投资选 择 。
With strong economic, infrastructure and cost fundamentals, real estate markets in second tier in the U. S. could provide foreign capital with good investment options.
根据 Cushman Wakefield 数据, 2016 年, 美国商业房地 产市场获得了逾 660 亿美元的外国投资 。 其中, 来自中 国买方的投资金额最大, 占总投资金额的 29 %, 比 2015 年上升了 10 % 。 这些中国投资资金中 70 % 以上流向了 四个主要门户城市, 其中纽约获得的投资资金最多, 占 46 % 。
另外根据美国全国房地产经纪人协会( National Association of Realtors) 数据, 外国买方对美 国住宅房地产的投资金额为 1530 亿美元, 其中将近 320 亿美元来自中国买方 。 这意味着美国房地产业一年获得 的投资资金总额有将近 2200 亿美元 。
美国二线城市的 作用
虽然上述资金中大部分流向了沿海门户城市, 美国二线 城市凭借其强劲的经济增长势头, 坚实的房地产市场基 本要素和相对较小的资本竞争为外国投资提供了良好 的机会 。 美国国内关于经济增长率或最佳投资市场的讨 论通常会引发长期的地盘之争, 但上述三方面因素可以 有力地说明为什么通常为外国投资者所忽视的二线市场 可以提供的投资机会更有利于投资组合多样化, 减轻风 险, 从而最 终产生 更 高的 回 报 。
对二线市场进行投资并不妨碍对门户城市进行进一步
Over $ 66 billion in foreign capital was invested in the United States commercial real estate markets in 2016, according to Cushman Wakefield. Of this, the largest amount was invested by Chinese buyers who represented 29 percent of total capital invested, which was up 10 percent from 2015. Over 70 percent of this Chinese capital went to four of the major gateway cities, with New York City receiving the largest chunk at 46 percent. In addition, foreign buyers invested an additional $ 153 billion in residential real estate in the United States of which almost $ 32 billion was represented by Chinese buyers, according to the National Association of Realtors. This represents a total of almost $ 220 billion invested in one year in U. S. real estate.
THE ROLE OF SECOND TIER CITIES IN AMERICA
While much of this capital migrates to the coastal gateway cities, second tier cities in the U. S. provide excellent opportunities for foreign capital investment supported by strong underlying economic growth, solid real estate market fundamentals and far less capital competition. Discussion domestically in the United States regarding economic growth rates or the best markets for investment usually ignites long standing turf wars, but many of these three areas identified above can tell a compelling story of why second tier markets, often overlooked by foreign investors, might provide investment opportunities which better diversify their portfolios, mitigate some risks and ultimately may provide higher returns. Investment in second tier markets doesn’ t preclude further investment in
WWW. THECHINAINVESTOR. COM 62