Europe has always held a lot of glamour for the rest of the world, but there’s no question that New York City has always been a place that combines a lot of grit with its native glamour. New York is also, without question, a place with incredible staying power. New York has weathered many ups and downs over the years, including a brush with bankruptcy in the 1970s and a shaky period following the 2008 economic meltdown. Today, however, New York is back and looking better than ever, especially to foreign investors.
Right now many foreign investors are fleeing from Europe, in what is called a “flight to quality.” Europe is going through extreme shakiness right now, especially in the wake of the recent “Brexit” vote. With Britain’s leadership unstable, and the fate of the European Union unknown, investors are quite wary of putting a lot of money into property there. That’s why New York, with its stable and growing job base and wealth of gentrified neighborhoods, is looking better all the time.
A Need For Real Estate Professionals With Solid Market Understanding
Given the intense interest in quality properties in New York, the demand for informed real estate professionals here is high. TOWN Residential is one of the top firms now advising real estate clients on NYC apartments for sale, due to the quality of its staff. Since launching in 2010, TOWN has become the go-to firm for investors seeking quality properties here. With its combination of market savvy and high client service, TOWN is the firm of choice for investors who want quality they can depend on.
Is it time to get serious about investing in New York real estate? If so, it’s time to call the professionals at TOWN.