Is now a good time to invest in Manhattan, New York residential property? I am optimistic Manhattan is starting an upward price trend again. After almost a decade of going sideways.
Mortgage rates are still high but the trajectory is decreasing in the future which will bring back buyers needing financing. Rental yield can now exceed 3 percent, which is high for Manhattan.
Read the full article here: Is now a good time to invest in Manhattan, New York residential property?
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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