New York real estate

New York real estate

New York City, familiar to us from movies, is home to so many headquarters apartments of international political and economic organizations, various global corporations, industrial companies and banks. These factors largely determine real estate prices in the Big Apple. And these prices are among the highest on the planet.

However, the pricing policy in New York real estate seems very unusual. For example, while real estate prices around the world, including the United States, were steadily falling, in this metropolis they still continued to rise. And this is truly phenomenal. But what can explain it? In principle, everything is very simple.

New York has a special status. For some, it is the world's economic capital, while for others it is the center of the world. That's why he was nicknamed «Big Apple». It is believed that a person who buys real estate in New York becomes part of the global elite. Another reason for the popularity of New York among investors is due to the presence in this city of a large number of financial corporations, which has a positive effect on business development. The flow of cash investment here does not dry out, which, of course, affects the cost of housing in this metropolis.

New York real estate

But New York attracts not only businessmen. This city offers everyone the widest, most incredible range of opportunities and services from the point of view of active people. In addition, the Big Apple has one of the most developed infrastructures in the world, which also affects the cost of apartments and private houses.

New York is divided into different areas, among which there is a hierarchy. If in some, the most prestigious areas, real estate can only be purchased by the richest people, then in others, this can be done by people of average income. There are areas that can be called developing, the prices in them are quite affordable, however, in the future these areas promise to be among the prestigious ones, and therefore buying real estate there can be a very profitable decision. In general, there are currently 5 large districts in New York.

The most expensive in this sense, of course, will be Manhattan. And this is not surprising, because most of the large corporations are concentrated in this area. Here are the well-known Wall Street, and the chic Fifth Avenue, famous for the most expensive and most American luxury stores in the world, and Broadway, well known to movie lovers. The price of one «square» in this elite area can reach 100 thousand dollars, and in some cases even more. It all depends on the location of the house and the characteristics of the apartment. But housing cheaper than 10 thousand dollars per «square» is almost impossible to find here. There are many historically and architecturally valuable buildings in Manhattan, which in itself increases the cost of their square meters.

New York real estateThe area closest to Manhattan — Brooklyn — offers real estate at slightly more modest prices. But expect to find cheap housing here is still not worth it. The good location of this area, coupled with the proximity of the financial center of the city, attracts many investors here. This affects the value of real estate, so the difference in prices compared to Manhattan is by no means large — the difference is several thousand dollars per square meter, and this, you see, is almost imperceptible when it comes to astronomical amounts from the point of view of a poor man in the street. Here you can also buy a mansion, which will cost you at least 800 thousand dollars.

The Bronx is one of the elite districts of the city. This is a residential area that also has a lot of expensive real estate. Moreover, housing prices here are expected to grow upwards, albeit at a slow pace. For investors, this area is also attractive in its own way. The cost of good housing here starts from 400-500 thousand dollars, if we are talking about an apartment, and from 700 thousand in the case of private houses.

The largest area of ​​the Big Apple is Queens. Housing prices here are lower compared to the above-mentioned central areas and the rapid growth does not differ. Although, like throughout New York, they still continue to grow, so investing in real estate in this area can be done without much fear. The cost of housing here starts from 5 thousand per square meter. Prices for private development — from 350 thousand dollars, it depends on many different factors.

New York real estate

And finally, Staten Island is the area that can be described as developing. So far, it is not among the prestigious areas of the city, but it is expected to become one in the future due to its growing popularity. Today, this area can be compared to a suburb. There is a low population density, there are many spacious land plots, registered as private property. In Staten Island, it is quite possible to buy a solid private house for several thousand dollars.

So, real estate prices in the Big Apple are very diverse. However, investing in this area will have a guaranteed benefit, because New York, as you know, is a city of great opportunities, both for life and for work and business.

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