Investing in residential apartment homes in Manhattan, New York is a strategy for global high net worth individuals to diversify their asset portfolio and to preserve wealth. Manhattan’s residential housing market has always been resilient, even during economic downtowns.
For example, during the 2020 COVID pandemic, Manhattan’s residential condominium home prices decreased only 10 percent and only for one quarter. The market recovered the next year (in 2021) to the highest sales volume ever recorded.
Read the full article here: Investing in residential apartment homes in Manhattan, New York
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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