As the situation in Europe (post the “Brexit” vote in the UK) continues to evolve, it’s clear that the situation will be far from stable for the near future. None of this was expected or planned for, which is why right now investors in Europe are feeling more shaky about their investment strategies. Meanwhile, the US, which is having an unusual time of it with the ongoing presidential election, is looking more stable to real estate investors who want to put their money in luxury developments.
New York City remains an attractive city for investors interested in luxury real estate. Yes, the US weathered a major downturn following the real estate bubble, but New York was able to bounce back due to its enduring appeal and its consistent record of job creation. Things did bounce back in a big way for a while, but things seemed to be cooling off a bit last year. Now, however, in the wake of the shakiness in Europe and an uptick in jobs numbers in New York, the Big Apple is coming back in a big way. Investors overseas are more and more seeing New York as a place where there is plenty of quality, and they are fleeing Europe and heading to the Big Apple because of it.
What does all this mean for those in the New York real estate industry? It means that real estate professionals who have plenty of knowledge and expertise in this complex market are going to be highly in demand. TOWN Residential is one of the firms that has benefitted greatly from the changes currently taking place here.
TOWN Residential was first launched in 2010 and since then, the top notch service provided by the core group of realtors here has really paid off. Investors are coming to TOWN for advice and quality service as they look to buy in the city and in Brooklyn. With so much changing all at once, one thing we know for sure is that TOWN is poised to be an ongoing leader in New York’s luxury real estate market. Check out their website, for more information on NYC real estate at http://www.townrealestate.com/.