New York Real Estate is now booming more than ever before. From Chinese business moguls who are willing to own an apartment in the US (if it’s in New York) to this thriving area becoming a lot more safer, the real estate market in New York has reached an all time high for up and coming professionals, business tycoons, multimillionaires and billionaires everywhere. Even if many of these high clientele wants to have their primary home elsewhere, they still are more than willing to own a magnificent NYC apartment for rent. As a matter of fact, even the star and broker on “Million Dollar Listing New York” says that one hasn’t truly made it until he/she owns an apartment in New York City.
According to a news article that was released this week from The Real Deal, That Chinese buyers are willing to pay $800,000 to $2,000,000 for real estate in New York. They realize the value proposition of real estate in this area, and that the demand remains constant, unlike other areas where the demand diminishes during bad times.
The Real Deal also states that developers are creating amazing buildings with unbelievable amenities; and hotel living that is raised to the sky level. With these amazing amenities, it’s no wonder why high clientele would want to own an apartment in New York. TOWN New Development, for instance, is one of these developers, who focuses on everything high end with premier architects, interior designers, elite amenity specialists, and specialized contractors. They are a premiere luxury real estate firm, and they always have open houses and virtual open houses for their clients’ convenience.
In addition to all that New York real estate has to offer that supersedes other areas is that fact that this is a very safe, big city. This plays a huge fact or in the real estate market here. Even Brooklyn is no longer known to be a borough. This city has tremendously improved.