Thursday, May 29, 2014

New York population growth outpaces property supply

To the question of why Manhattan property prices and rents keep increasing, I always mention it's because of two simply concepts (i) demand (ii) inflation.  On demand, population growth has always been strong in a megacity like New York.

Wednesday, May 28, 2014

Flatiron is Hot!

The residential real estate market in Flatiron is as hot as the tech companies setting up shop there.  

In terms of residential property, Flatiron is a high demand, high price, high rent area.  With low vacancy rates and an abundance of restaurants and entertainment, this one of the neighborhoods I feel definitely has strong returns from an investment perspective.  

Friday, May 16, 2014

New York property - downturn or more boom?

A look at the stop signs and green lights that industry players are watching
May 01, 2014

By Janna Herron (The Real Deal)

It isn’t just all those new residential towers that are reaching for the sky. The average sales price for a Manhattan apartment soared almost 31 percent higher in the first quarter, compared with the first three months of 2013.

While that’s good news for anyone who recently sold a residential property, those looking to sell in the near future may be feeling antsy over whether the good times can keep on rolling.