Big Still Works (European IREI Publication Paper)


Karen Martinus
Research Associate

Max von Below
Managing Director, Global Investors Group

February 2018

Real estate markets in the United States have something for everyone

The US real estate market remains a magnet for overseas investors. The country continues to be one of the world’s leading recipients of cross-border capital. Market sentiment, elevated liquidity and a diverse asset base consistently attract foreign investors. Despite these attractive features, home bias still prevails, nowhere more so than in Europe. According to last year’s annual survey from INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, European investors allocated 80.5 percent of capital to investments in Europe. Conversely, the same survey showed that European investors signalled an intention to increase international diversification by reducing that same home bias to 57.4 percent.