It seems as if New York City is always booming in real estate. This, however, is not always the case before 2015. In recent news, according to an article by Real Deal, New York City has experienced real estate success for those looking to lease. The article in the Real Deal, New York City real estate news, explains how, because of the economic boom in leasing, the value of real estate is steadily increasing, making it difficult for investors to find any value in buying low.
This specific economic boom is often attributed to specific brands of real estate that offer luxurious marketing developments. In an example is Town Real Estate. It is a real estate business in New York City, demonstrates the quality of their living estates that make it so attractive for those looking to lease. Town Residential’s website shows, in luxurious fashion, what is for sale, for rent, or for lease. Furthermore, this article also shows the town representatives to help anyone looking to rent or buy in New York City.
Some background of Town Residential shows that they were formed in 2010, created by CEO Andrew Heiberger. Part of what makes Town Residential so popular and distinguished from other real estate firms, is their luxury residential sales, as well as their marketing and leasing of property developments, according to their website. Their site also offers a detailed description of various neighborhoods, providing a better picture if residents desire to live in that area. Town Residential also offers town guides, relocation services, and marketing reports. Overall, Town Residential is part of the growing real estate market in New York City, with their professionalism and distinguished style in the real estate business.
Beyond Town Residential’s contribution in the real estate business, The Real Deal article about the economic increase in real estate in New York City focuses on investors loss, by not buying into the low real estate market. The recent concern for investors is the rise of interest rates by the Federal Reserve because of the recent economic success of real estate in New York City. The article mentions various investors, such as David Schechtman, who believes that regardless of some the loss opportunities of buying in, there is always money to be made in New York City.