Real estate in New York City is unlike any other place in the U.S. Unlike other cities that see a fall off during poor economic times, there is a constant need for housing in the Empire State.
At a recent real estate forum in Shanghai, China, U.S. residential players gave their expert opinion on the market and the things that drive buyers to buy properties regardless of the price. According to “Million Dollar Listing New York” star Fredrik Eklund, “you have to make the deal seem like a once-in-a-lifetime deal.” There are a lot of people who really believe they haven’t quite made it until they purchase a property way up high, overlooking the bright lights of the big city. And why wouldn’t they? NYC apartments for rent and condominums are nothing less than exquisite. They come with extravagant perks and amenities to die for.
Chinese buyers, especially, love New York properties. They are now venturing outside the usual Manhattan hubs for areas in the Bronx and Brooklyn. City officials have done a great job of cleaning up many areas of the city, which draws more potential buyers. The good thing about foreign buyers is that they look for upscale apartments with prices approaching $1 million. Foreign buyers almost always show up with plenty of cash due to the difficulty obtaining loans in the states.
One luxury real estate finder, Town Residential, is considered the creme-de-la-creme of New York apartments hunters. The highly-trained staff of professional brokers and agents can find some of the most stunning abodes available in the city. Whether you’re selling or leasing, Town Residential takes a hand-crafted approach to catering to the client’s needs.
Agents and brokers from the U.S. assured forum attendees that the rules and regulations are far more stringent in the states. “Protection of the client is the number one priority,” says Eklund.