Property investment in New York, specifically in Manhattan, is a prudent decision taken by successful individuals as part of their portfolio planning. For foreigners, investing in New York property is seen as a safe haven for assets because of the limited supply and high demand coming from people who live here and investors from all over the world.
New York property is a hedge for investors as the world experiences uncertainty in global trade, overvaluation of the stock market, currency volatility, political changes and inflation.
Read full article here: Property investment in New York
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The Manhattan, New York residential property market is currently a seller’s market. The key points to note in the August Manhattan property market are:
1. Tight supply
2. Interest rates at historical lows
3. High sales volume but prices are still lower than the prior peak, the Manhattan property market is not in a bubble
Read full article here: August 2021 Manhattan market update
New York apartment prices for condominiums based on the most recent quarterly data including price per sqft, sales volume, average sales price. The overall theme for Q2’2021 was a surge in sales volume as buyers rush back into the market driven by low mortgage rates, pent up demand and reopening of New York City.
Read full article here: New York Apartment Prices
Chinese American New York property agent Wei Min Tan is a Manhattan investor-focused broker often interviewed by top media such as CNBC, CNN, New York Times, Wall Street Journal and NBC. He focuses on condominium apartments and serves global investors interested in asset diversification through Manhattan property.
