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September 2017   Volume 43, Number 9      
 

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Los Angeles Ranks First as Best City for Global Real Estate Investors

Los Angeles beat out London when it was named the new hot spot for global real estate investors in the third annual Schroders Global Cities 30 Index, released in June. Schroders is a London-based investment bank.

While Los Angeles is known for its movie industry, it is also home to the well-respected colleges UCLA, USC and Pepperdine and many start-up tech companies. Snapchat, Pandora, eHarmony, Dollar Shave Club and Boingo Wireless are just some of the big names in tech that call Los Angeles home. Los Angeles is also attracting capital from Chinese investors building real estate and moving to Los Angeles at a faster pace than they are to Miami and New York.

“The scale and economic depth of LA makes it a compelling location to work and live. One of its key economic strengths is that it doesn’t have to rely on only one industry,” says Tom Walker, co-head of global real estate at Schroders. “The technology sector, in particular, has grown substantially over the past few years, and this has not only boosted demand for office space but also for residential property, much of it due to the increased hiring of millennials,” he says about America’s largest generation since the Baby Boomers.

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In this issue:

The 10 Fastest Growing Cities in the U.S.

Automation Could Eliminate Real Estate Appraisal Jobs

Life Is Great for U.S. Homesellers

Los Angeles Ranks First as Best City for Global Real Estate Investors

Millennial Homebuyers Are Struggling

Millennials More Likely to Regret Real Estate Choices

Real Estate Startup Redfin Gears Up for IPO

Zillow’s Instant Offers Program Draws Ire From Real Estate Agents

Second Homes Sales Decline as Investment Sales Increase

Nine Highly Salable Factors of Real Estate Property



 


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