Manhattan real estate prices enjoy stable appreciation over the long term because of limited supply. While a typical U.S. city has ample land for developers to constantly build more houses, the amount of space available for new apartment buildings in Manhattan is extremely limited. This limited supply explains why global investors look to Manhattan real estate as a means of asset preservation and diversification.
Read full article here: Manhattan Real Estate Prices
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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