Mistake foreign investors make when buying New York property

What is one of the biggest mistake foreign investors make when buying New York property?

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Manhattan Property Market Update

Manhattan property market update - The most recent Q4’2024 data from Miller Samuel shows average price per square foot for a Manhattan condo at $2,127. This is a 4 percent increase compared to prior quarter. Number of sales was at 1,131, a 14.4 percent increase from a year ago. Median sales price was at $1.665 million, or 0.5 percent higher than a year ago.

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Best time to buy New York property

 
When is the Best Time to Buy New York Property? Visit our website to learn more: https://www.castle-avenue.com/

Reasons to Invest in New York Property

 

Property investment in New York is a prudent strategy taken by our clients and investors from all over the world as part of their portfolio planning. Foreigners see New York real estate as a safe haven for their assets because of the limited supply and high demand coming from the people here and investors from all over the world. In this video, Weimin talks about the key reasons clients invest in New York property.

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Is now a good time to invest in Manhattan, New York residential property?

Is now a good time to invest in Manhattan residential property is a question I am often asked. Since the second half of 2022, we have been in a buyer’s market. The 2024 spring pickup didn’t really happen and the market has been going sideways. But now with Trump’s landslide victory, things are about to change.

Read the full article here: Is now a good time to invest in Manhattan, New York residential property?

Manhattan, New York Property Historical Price Trends

Median price of a Manhattan condo/coop increased from $239,000 in 1997 to $1.115 million in Q3’2024. While the graph shows the blended average of condo/coop, the median price of a Manhattan condo in Q3’2024 was $1.615 million.

Read the full article here: Manhattan, New York Property Historical Price Trends

Manhattan Property Market Update

The most recent Q3’2024 data from Miller Samuel shows average price per square foot for a Manhattan condo at $2,046. This is a 3.8 percent increase compared to a year ago.

Read the full article here: Manhattan Property Market Update