When you call it comes to real estate it can be a dicey shuffle. Basically the demand cannot for real estate cannot be created, but in the city of New York it is different. According to The Real Deal which is New York real estate news, New York is a city that is in constant demand for NYC apartments for rent. Fredrik Eklund is a broker at Douglas Elliman broker and he also is on the TV show Million-Dollar Listings New York. He says that one of the things that he tries to do to get his clients to buy a home in New York is to put the idea in their minds that they have not gained true success in life unless they own a home in New York. In reality that tactic has worked, because many people from the rich and famous have apartments in New York City.
Chinese residential buyers are cashing in on this very well-known and real estate rich city. Chinese residential buyers can be price-sensitive, and at the same time it is very difficult for them to get financing, and since that is the case it is important for them to come with a lot of cash down in the beginning. Many Chinese buyers, according to residential CEO Andrew Herberger, want to spend anything from $800,000-$2 million on an apartment. These are individuals that are interested in buying homes in New York because they have proven to be great investments.
There was the first ever real estate showcase and forum in Shanghai. Generally Chinese have not been that interested in United States real estate, but obviously with the popularity of New York and of their apartments their mind has changed. This conversation about the new trend for Chinese investors to look at New York real estate was moderated by the editor in chief of TRD, Stuart Elliott. The panelists talked a lot about the reasons why Chinese were interested in New York housing, and the conversation also shifted into them talking about their personal dream homes in New York City as well.
Town Residential is a very well-known luxury real estate service firm. Town Residential is the leading luxury’s real estate service firm in all of New York City. It was founded in 2010 and they have been able to help very many high-end investors and clients to find their dream home or apartment in many of the prestigious boroughs of New York City. Town Residential comes with a very strong team of executive leaders, individuals that work in new development, marketing and leasing. Town has locations in Gramercy, the financial district, Fifth Avenue, and Astor Place.