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Demand is Up for Manhattan Luxury Apartments!
In my late January Bracha blog, I told readers about how the Manhattan market was in for an upsurge this year and now there’s even more promising news.  
 
According to a recent Real Deal article investors are once again looking at Manhattan as a solid investment.  
 
Rental prices are going up as well.  WNBC New York News reported yesterday that rentals for a two-bedroom condo in New York City has risen 10 percent from last year and that by summer, it could be difficult to find one.  
 
The New York Daily News reported recently that “Manhattan rents are through the roof.”   Studios are up seven percent from last year and one-bedrooms, up nine percent.  
Three-bedrooms have jumped up 12 percent!  
 
Another recent article in the New York Times, “Charting a Climb From the Depths,” reported that “...the least Pollyanna-ish real estate watchers are looking at a February surge in contracts signed on properties listed for more than $4 million as quite something.  That is because 70 of the listings went into contract last month, the highest number of any month going back to January 2007, well before the housing crisis crushed the high-end ... more

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