wall street: End Of 2007 Real Estate Reports Brings Global Buyers And Investors To Manhattan
- 01/05/08 05:06 AM
With the rest of the country in a real estate slump, that's hardly the case for Manhattan. Between October and December, 2007 a great deal of money was spent on very expensive apartments in Manhattan. The average price of a Manhattan apartment rose to a record $1.43 million, a heavy 34% increase from the end of 2006. The median price jumped 14% to $828,000, also a record high. The rapid weakening of the U.S. dollar against the British pound sterling and the euro noticeably lowers the cost of New York real estate for Europeans. And with the U.S. dollar weakening 2 percent against … (1 comments)
wall street: 4th QUARTER 2007 MARKET REPORT
- 01/05/08 03:34 AM
Manhattan apartment sales continue to soar and buyers are purchasing apartments very quickly. While many foreigners are purchasing apartments in all cash deals at a steady rate, qualified American buyers, including high-bonused Wall Street execs, who also pay cash or fully qualify for mortgages with a great deal of post-closing assets are purchasing these Manhattan homes. Manhattan real estate is at the top of its game! View Halstead Property LLC's 4th Quarter 2007 Market Report Here!
With the rest of the country in a real estate slump, that's hardly the case for Manhattan.
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