New York City is an international city at the top of global city rankings.
Being integrated and connected to the global economy, New York City attracts and appeals foreign buyers from all over the world.
A piece of New York City real estate offers value and scarcity on land measuring 302.6 square miles. In addition, foreign buyers understands that Manhattan continues to grow in population, lacks political volatility, and that property values grow as well with the overall city economy.
The luxury developments are more popular due to an overall sense of stability where operating budgets are more conservative and building staff are available around the clock. About 30-35% of NYC luxury buildings have purchasers listed with registered addresses from overseas or an LLC.
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