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With the modest recovery of the real estate industry forecasted to take place in 2013, putting investing in properties is not shaping up to be bad. Always a gold mine in investments despite the recent housing downturn that shook up the country’s real estate prices, New York still presents a lucrative deal.
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The housing bust may have also reached Manhattan, but the area’s attractive real estate properties continue to play their roles as investment magnets. Smart neighborhoods in New York simply flush out smart-money investments not only from hedge funds and investment trusts, but also from foreign investors and typical moneyed gentries. To say that real estate opportunities abound in New York despite the shaky economy is never an exaggerated point. Probably the locus of one of the top, if not the best, financial markets in the world, New York has never lost its economic appeal, even in the global stage. The Big Apple’s neighborhoods just continue to innovate and consistently showed robust growth in infrastructure in the past years. The High Line in Manhattan, for example, is currently attracting huge investments. Capital influx on real estate properties is shooting up on this side of town. From Midtown Manhattan where skyscraper constructions form a new skyline landscape to Queens and the Financial District, including the other residential hot spots like the Upper East Side, New York displays a picture of a thriving real estate hub.
With better prospects looming ahead in the real estate sector, there is no reason for doubt. Surely, barring any other future economic mishap, investors will find real value for their money in the Big Apple.
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| Image credit: telegraph.co.uk |
Esplanade Capital provides an intelligent, responsible, and dynamic approach to real estate acquisition. For more related content about the real estate industry, visit www.esplanadecap.com.
