New York City Market for Real Estate
New York City (USA) is one of the leading cities in the world and is considered to be the world's centre for finance, commerce, culture, fashion and entertainment.
Overview of New York City
New York City (USA)
New York City is the capital of New York State and has currently more than 8.3 million residents. It consists of the following 5 boroughs:
Importance of New York City for investors
01. Financial centre of the world
For decades, New York has been the financial centre of the world and is widely expected to remain so. The financial crisis hit the industry hard but Americans have shown time and time again their drive and competitiveness to move forward. The Wall Street Journal predicted in October 2009 a record bonus payout of $140 billion for banks in 2009 (this was just months after the worst crisis since the 1930s and proves how quickly an industry can rebound).
02. New York is a perfect investment place for your children and favorite tourist destination
The United States is widely considered the most popular vacation place for many foreigners all over the world (including Chinese citizens - based on Hurun and a 2009 report of Hoogewerf Research Institute). New York might be very well the most important reason for this.
Furthermore, many foreigners want to make an investment in an apartment to enable their son/daughter to live there while studying at a prestigious university. New York City has several top universities such as one Ivy League university (Columbia University) and many other universities (such as New York University, Pace University, Fordham University, etc. )
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