Luxury New York Real Estate is Heating Up
When the real estate bubble burst back in 2008, there were many naysayers who doubted whether the US economy and the real estate market would ever recover. Now, according to a recent article in www.luxurydaily.com, there’s no doubt that real estate is coming back, as the NYC apartments for sale are now rising again with no end in sight.
According to the article, the median rent in Manhattan for a one-bedroom apartment is now priced at $3,339.00. That’s a 10.9 increase in the rate since last year, and it’s a figure that is getting the attention of experts in the luxury market. By comparison, Brooklyn has seen a more modest increase in rents of 1.5 percent in the past year. What’s clear is that both of these areas are becoming increasingly desirable, both to locals and to the international market.
As rents in Manhattan continue to rise, many people are looking for housing in areas above 100th Street, and in the boroughs like Brooklyn. Navigating this complex market (which is now regarded as luxury, for one in five units in New York) can be tricky, which is why many renters are seeking help from reputable firms with knowledge of the luxury market.
One of the companies that has truly made a name for themselves in these overheated times is TOWN residential real estate. TOWN was launched in 2010, and since then this firm has become known for its expertise in the complex NYC apartments for sale.
The experts at TOWN know that their clients need real guidance when searching for real estate, which is why they offer such personalized service to go with their high level of expertise. Clients who go to TOWN for help know they are working with professionals who know this market and know how to find the best possible deal for them. By acting as a team, TOWN and their clients succeed in finding great deals in a complicated market, despite the inherent challenges.
As the economy continues to recover, it’s people who invest with knowledge and who seek out those with market expertise who will benefit most.