Category Archives: NYC Estate

Chinese see value in New York City apartments

Chinese investors are buying more and more property – primarily apartments – and increasing their “footprint” in New York City, according to an article published on www.therealdeal.com.

The Real Deal held a U.S. Real Estate Forum and Showcase recently in Shanghai, which led real estate people there to make comments about more Chinese buying real estate in New York City. There are many reasons why NYC apartments for sale is appealing to Chinese investors who have the money to spend and want a great place with some prestige added to the deal.

Luxury apartments are becoming more common, and as each development grows it tries to outdo the others with even more luxury and more outstanding amenities.

Town Residential is one of those companies entertaining Chinese investors as they look over property in New York. Town Residential is a real estate service focusing on luxury apartments in New York and was founded in 2010. Town Residential is a leader in the luxury apartment sales area. It has four offices in the New York City area and an office in Miami, Fla.

Real estate brokers say the Chinese see the value of New York City, which is why they are coming to America and buying apartments. Real estate tends to falter in bad economic times, but perhaps because of its size, its history and overall appeal, the demand is constant regardless of the economy, one of the brokers explained. There is always plenty of demand in New York, and there are people with enough money to buy what they want, regardless of the economy.

The idea is also pushed that owning an apartment in New York City is a world recognized status symbol of being a true success in the business world.

The city has also cleaned itself up. It now has the reputation of being one of the safest big cities in America, adding even more appeal to Chinese investors.

One broker added that Chinese investors are not limiting themselves to just New York City, but also considering nearby areas such as Brooklyn or Harlem.

Many Chinese investors looking for apartments are ready to spend between $1 million and $2 million. Financing across international lines is tricky, so they tend to also bring a lot of cash when they come to New York to shop for real estate.

Another appeal for the investors is that New York real estate is more regulated and more transparent than what they can find in China.

Start Shopping For Some Amazing New York City Real Estate

If you’re a person who doesn’t look at money as an object when it comes to moving to a different home, then you should have no problem when it comes to finding a new place to live in New York City right? This is not necessarily true because even those with a lot of money may find it difficult to find a new home, especially in a place like New York City. New York City properties has limited space, similar to any other big city around the USA. Since New York City is such a desirable place to live, you may find that it’s difficult to find a new home, especially if you want one that is superior in its amenities and features.

Typically, finding a home can be something that’s done by a person looking through different resources, but it may be better if the person chooses to hire a real estate agent. No matter what the person’s budget is, a real estate agent should be hired because they can save a person untold amounts of time. Let’s say it may take a person several weeks to find a new home that they finally decide to move into. Hiring a real estate agent can cut that time in half or even less, and this is because the real estate agent can dedicate all their time to finding a new home for that person.

Any person that’s looking for a new home will only have so much time that they can dedicate to the process. A real estate agent has the job of only looking for a home for their clients, so they have more time available to do so. If a real estate agent is dedicated enough, and they know their area well, then they can find some great homes for their clients, and they’ll do it in a shorter period of time. If you know what type of place you want to live in, even if it’s a penthouse, a condo, an apartment or any other type of dwelling, then you need to give Town Real Estate a call.

The reason why Town Real Estate should be your first choice is because of the fact that they are incredibly knowledgeable about the New York City area as well as the homes the city has to offer. If you’re looking for a great place that has some amenities that are very enviable, then why not hire an agency that knows where to find these places? A balcony with a great view is not impossible, especially if you hire the right agency that knows where to find it. Ease some of your house hunting woes by calling Town Real Estate today.