For those who are considering the real estate investment possibilities around the world, New York City has developed the reputation for being a safe haven particularly for foreign investors. Whether that particular reputation reflects the reality of the market may be debatable, but the bottom line is that many investors have been drawn to New York City for three primary reasons: relative liquidity, Easy accessibility, stable prices.
However, there are other cities around the world that are also developing reputations for being safe havens for real estate investment such as London and Hong Kong, and Singapore. Since the housing crisis of 2008, New York City has recovered quite well and remains one of the few large gateway cities that bring in real estate investments from around the world.
The Emphasis on Luxury Real Estate One of the more interesting developments since the housing crash in 2008 has been the emphasis on purchasing luxury residential property around the world. While this may seem counterintuitive at first, this type of investment was a reaction to the lack of trust for securities and other financial instruments that went down during this time.
However, there are other cities around the world that are also developing reputations for being safe havens for real estate investment such as London and Hong Kong, and Singapore. Since the housing crisis of 2008, New York City has recovered quite well and remains one of the few large gateway cities that bring in real estate investments from around the world.
The Emphasis on Luxury Real Estate One of the more interesting developments since the housing crash in 2008 has been the emphasis on purchasing luxury residential property around the world. While this may seem counterintuitive at first, this type of investment was a reaction to the lack of trust for securities and other financial instruments that went down during this time.
In essence, luxury real estate property is seen as a sound, secure investment that is outside traditional financial investments. So, it is little wonder that luxury apartments in London have essentially doubled in price since 2006 while in New York the price has gone up around 50%. As the gap widens between New York, Hong Kong, London and the rest of the world, the competition has grown considerably tougher.
It certainly helps that financial institutions in the US have made investing in real estate more palatable as a reaction to the crash in 2008. In addition, the Federal Reserve has kept short term interest rates low which has pushed some into real estate investing as well.
It certainly helps that financial institutions in the US have made investing in real estate more palatable as a reaction to the crash in 2008. In addition, the Federal Reserve has kept short term interest rates low which has pushed some into real estate investing as well.
This Content was originally posted on: Omri Barzilay
No comments:
Post a Comment