It is not surprising that more and more developers to announce new projects on the island of Manhattan: the average transaction price since the end of 2014 reached a record of $ 1,718,531, which is 19% higher than the same period in 2013. It is reported by Forbes with reference to the data of real estate company Douglas Elliman Real Estate.
It is not surprising that more and more developers to announce new projects on the island of Manhattan: the average transaction price since the end of 2014 reached a record of $ 1,718,531, which is 19% higher than the same period in 2013. It is reported by Forbes with reference to the data of real estate company Douglas Elliman Real Estate.
Such indicators Manhattan had not seen since the recession of 2008 - and today they are due to a combination of factors such as employment growth, low interest rates on mortgage loans, as well as increased interest from foreign investors. An increasing number of premium objects appear in the city, and the price of real estate "average" category will grow.
Despite the general market downturn, outlined at the end of 2014 compared with the same period of 2013, sales remain extremely active - especially for the fourth quarter, which is usually characteristic for typical calm end of the year. It is reported in its annual report to Jonathan Miller, president of real estate consulting firm Miller Samuel. At the end of 2014 sales volume was 5% higher than in the previous 10 years. "The volume of sales - says Miller - was the second highest figure ever recorded. About half of all transactions for amounts in excess of $ 10 million relating to the acquisition of property in the newly constructed projects, usually sold for much longer. And we will see many such examples in 2015 "
Particularly strong in 2014 was the premium segment. Total sales were carried out 39 properties worth in excess of $ 10 million and - $ 30 million (seven sites). The total amount of transactions increased by 19.3% compared with the end of 2013 year. A number of new premium facilities increased by almost half, including through the construction of Manhattan projects such as residential skyscraper 432 Park Avenue.
Andrew Heyberger, CEO TOWN Residential: «As predicted, 2014 was marked by a record for the real estate market in Manhattan. So, over the past year 25% increase in the number of building permits among the five Gradonachalstva "
In the mainstream segment also has been a rise in the cost - an average of 980 thousand dollars, which is only slightly lower than the amount of 1,025,000, recorded just before the crisis of 2008. In the middle segment sales increased by an average of 14.6% in comparison with 2013 year.
It is not surprising that more and more developers to announce new projects on the island of Manhattan: the average transaction price since the end of 2014 reached a record of $ 1,718,531, which is 19% higher than the same period in 2013. It is reported by Forbes with reference to the data of real estate company Douglas Elliman Real Estate.
Such indicators Manhattan had not seen since the recession of 2008 - and today they are due to a combination of factors such as employment growth, low interest rates on mortgage loans, as well as increased interest from foreign investors. An increasing number of premium objects appear in the city, and the price of real estate "average" category will grow.
Despite the general market downturn, outlined at the end of 2014 compared with the same period of 2013, sales remain extremely active - especially for the fourth quarter, which is usually characteristic for typical calm end of the year. It is reported in its annual report to Jonathan Miller, president of real estate consulting firm Miller Samuel. At the end of 2014 sales volume was 5% higher than in the previous 10 years. "The volume of sales - says Miller - was the second highest figure ever recorded. About half of all transactions for amounts in excess of $ 10 million relating to the acquisition of property in the newly constructed projects, usually sold for much longer. And we will see many such examples in 2015 "
Particularly strong in 2014 was the premium segment. Total sales were carried out 39 properties worth in excess of $ 10 million and - $ 30 million (seven sites). The total amount of transactions increased by 19.3% compared with the end of 2013 year. A number of new premium facilities increased by almost half, including through the construction of Manhattan projects such as residential skyscraper 432 Park Avenue.
Andrew Heyberger, CEO TOWN Residential: «As predicted, 2014 was marked by a record for the real estate market in Manhattan. So, over the past year 25% increase in the number of building permits among the five Gradonachalstva "
In the mainstream segment also has been a rise in the cost - an average of 980 thousand dollars, which is only slightly lower than the amount of 1,025,000, recorded just before the crisis of 2008. In the middle segment sales increased by an average of 14.6% in comparison with 2013 year.
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