User:YigeleBuxifa

China and Hong Kong buyers are already buying The big apple luxury flats especially on the past year. A reason is that property prices in Hong Kong and China have been overinflated. One other reason is always that costs are going support again in New York, and wuhan apartments are looking to adopt advantage with this flat price appreciation wave.

The bottom for New York property was the next half of 2009. Starting in 2010, prices have been increasing. Not with a rapid pace, but at a normal, steady rate.

A recent report with the Association of Foreign Property Investors shows that the United States, specifically New York and Washington, is the superior property investment location selection for foreign investors. Flats (called apartments in New York) is the top property category. This is as well as retail, hotel and office. A reason is always that investing in luxury residential flats is easy and straightforward for the high net worth investor.

Manhattan, New York is actually cheap when compared with similar tiered cities globally. As example on the foreign property buyer, the average price for the luxury residential flat in Manhattanis $1500 per square foot. In top buildings, the cost is all about $3000 to $4000 psf. For context, the price london is greater than double price in Manhattan. In relation to rent, an investor looking to rent out the flat for income would expect about a 4-5 percent gross rent (as area of purchase price). After common charges and tax, Manhattan's net yield is all about 3-4 percent. Compared to Hong Kong and China, this really is very attractive.

Perhaps probably the most important step is to have a professional Ny property agent who will likely be able to guide the buyer from the whole process, including providing context on the buyer.