Almost 10% of recently listed properties are priced lower than their previous sale. This indicates that buyers may find attractive pricing opportunities in the current market.

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

We are moving from a buyer’s to a neutral market. Buyers (especially those buying all-cash) still have the advantage. Rental yields are high as rents are at record levels. It’s a good time to buy Manhattan property now if you are a cash buyer and especially if you plan to rent out the property. Properties on the market are negotiable while rents are at record levels.

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Manhattan Property Market Update

Sales volume in Q2’2024 increased by 48.3 percent compared to prior quarter and 5.7 percent compared to prior year. This is the first annual increase after eight quarters.

Read the full article here: Manhattan Property Market Update

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Median listing discount by contract signed date dropped in the spring.

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New lease signings surged 40.5 percent year-over-year for the sixth time in seven months. This coincides with a 27.6 percent jump in rental listings, the 9th consecutive annual increase.

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Buying Agent New York Property

Manhattan and London, recognized as the top tier global cities and the world’s only two Alpha++ cities, consistently attract international investors seeking premium real estate for their portfolios. However, the complexities of the NYC market can quickly turn navigating it into a challenge. This is where a qualified buying agent becomes invaluable, guiding through the process to achieve a successful outcome.

Read the full article here: Buying Agent New York Property