The Demand For New York Real Estate

September 21st, 2015

Residential real estate in New York City is going through another kind of boom these days, and that’s all because Chinese residential real estate investors are seeing the real quality available in this very revitalized city. According to a recent story in The Real Deal, investors from overseas are looking seriously at investing in apartments in NYC luxury real estate in the $800,000 to $2 million range, and they are putting money down on properties that offer value for the money.

NEW YORK HAS ONGOING MARKET DEMAND

A singular quality about New York City is the way that market demand for quality residential properties just never seems to go down. In that way, this very exciting urban center is truly unique. Today, New York stands out as a city that has come back from the brink, economy-wise, since the dark days of the 70s and 80s. Major revitalization and clean up has gone on all over Manhattan and in the boroughs as well, making for many places for residential investors to choose from.

Many of the Chinese buyers interviewed in The Real Deal noted the high quality of the properties available in New York, as well as Brooklyn, which has been incredibly revitalized itself. All of this has made New York now one of the safest major cities in the world, which is also a huge selling point for investors.

WORKING WITH SAVVY REAL ESTATE PROFESSIONALS

All this activity in the market (and the huge sales potential it brings with it) makes it crucial for smart investors to align themselves with New York realtors who are truly experts. TOWN Residential is one company that has taken off in just the past few years as a leader in New York luxury apartments. The pros at TOWN Residential really know this market, which is why top investors are coming to them for hands-on service and great advice.

There’s no doubt that New York will continue to be a place that attracts a lot of interest in its quality residential properties. Now it’s becoming a place that attracts interest from all over the world, too.

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