What's the expected return on investment (ROI) on Manhattan New York property? Well it's a forecast and I will not promise buyer clients prices will appreciate by X percent within a certain period of time. But what I can share is the historical trend of price appreciation. Graph shows:
1. Prices were $328 per square foot in 1997 and increased to a peak of $1,289 in Q1 2008. That's an average of 13.2 percent return on investment (ROI) per year from 1997 till Q1 2008. Prices dropped about 20 percent in Q4 2009 from the peak. From 1997 through Q4 2009, the average appreciation is 10.3 percent per year.