New York Real Estate Market
In this recent years, The New York property market has become one of the most attractive destinations for the European investor. As America suffers the mortgage crisis and faces a low sales rate, the City of the Big Apple has a completely different behavior. The real estate investors, now are increasingly interested in New York, thanks to the particularly positive trend that is showing. The price of the dollar is the first facility to the foreign buyer. Thanks to the success of the euro, we are in a privileged position. In the words clear: our money is worth more and we purchase it cheaper.
This reality, which had already led to a 20% increase in the number of foreigners who visited the city in 2007 cheaper, so the price of housing for the European buyer and a return on investment. In addition, the New York economy presents quite different results in the rest of the country, ie that facing the crisis in the United States, New York remains upwards and allows its residents to invest. Although housing prices are high, the growth forecasts are too. In the last financial year, the price of apartments in Manhattan increased by 12%, while the residential market opened areas that were previously either devalued or were used for other purposes. Thus, areas such as the Wall Street financial district have entered the residential market. This is the zone where we have started to be interested, with a first project in the Downtown that offers an extra advantage to our customers. In this case, the building combines an area of apartments in a luxury hotel, which allows residents to have added services such as gym, spa or 24-hour room service, putting these homes on the front line in the rental market . Renting is the secret of the investment, as it allows the buyer pays the purchase through a mortgage and keep the apartment while the market price increases, ensuring that not only reversed but recovered as also gain in sales.
Student Market
Another of the stock market which is found is that of the families whose children are studying in New York. Thus, parents are faced with the investment from two aspects: as a medium-term investment and as a means to ensure the welfare of their children. Parents are assured that their children will live in a decent place, as they will their own home and landlords of their roommates, while maintaining an investment which, after a couple of years, will give high returns.
