According to a story published on The Real Deal website recently, Chinese investors are making more inroads into New York City real estate. According to a report on the website, real estate developers understand the ups and downs of demand, but when it comes to New York City, the demand for real estate, NYC apartment for rent and particularly high-end real properties is always constant.
One of the prime selling points that New York developers and real estate professionals use is prestige. Frederick Eklund, one of the stars of the television show “Million Dollar Listing New York” points out that one of his main selling points when selling in New York is the factor of living in the city itself. He points to a “third new development wave” that is currently going on, and the demand for investments in high-rise edifices with high-end amenities is constant.
While some point toward the glitz and glamour of living in New York City, others point toward its increasing factors of safety. Jonathan Simon, CEO of Baron Development, uses the safety of the city as a selling point to people wishing to purchase property there. He points out that the city is constantly in redevelopment, and is much safer in current years. He says that New York is now one of the safest large cities to live in in the world.
The upscale areas of New York like Manhattan isn’t the only place that investors are interested in. Outside of the Manhattan area, other places are becoming prime targets of investors as well. The head of Halstead Property Development Marketing, Stephen Kliegerman says investors are also looking at other areas of New York City that aren’t considered prime targets of typical high-end real estate purchasers.
According to Kliegerman, Chinese investors are also looking for bargains in New York, including real estate in the areas of Brooklyn, Harlem, and other areas that are less known to investors. He believes that Chinese investors are eyeing those areas because of their price range, usually investments of $800,000-$2 million.
One of the leading real estate firms in the area, Town Presidential lists various properties all over New York City, specializing in high-end real estate and development properties. They help connect would-be investors with some of the most outstanding properties in New York City. They work in all areas of high-end real estate development, including marketing, redevelopment planning, advertising, market research and branding.
New York is considered to be the greatest city in the world, and its real estate market continues to thrive. Firms like Town Presidential strive to keep people and investors from all over the world connected and aware of the continuing opportunities in New York City real estate.