Foreign real estate experts have named California property as one of the most attractive investments in the US.

Los Angeles and San Francisco were ranked among the top five US cities in which to purchase real estate in a new poll from the Association of Foreign Investors in Real Estate.

Washington DC, Houston and New York were also named as property hotspots by the survey’s respondents.

The popularity of California property was part of a trend of increased interest in the US real estate market, James Fetgatter of the organisation said.

"Our investor members have expressed a growing confidence and interest in US real estate," he remarked.

The poll also revealed that the US now offers the best opportunity for investors to achieve capital appreciation from their portfolio.

Property Abroad also expressed this opinion recently, noting that the Orlando Foreclosures Expo could provide investors with the chance to scoop a number of bargains, as repossessed homes are sold off at this event.

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