New York, New York
There’s nothing like it
The city that never sleeps, New York is more than a bustling metropolis. It has a vibrant and diverse culture and has historically drawn people from all over the world. If you can make it there, you can make it anywhere!
New York is constantly evolving and changing. What were once less desirable neighbourhoods are now full of artisan coffee shops and housing is very much in demand to young, high income residents. The diversity of the population creates a cosmopolitain and exciting environment for all.
New York City is one of the three major financial centres of the world. The city is home to the New York Stock Exchange, the largest stock exchange in the world. New York is also home to a large number of banks, insurance companies, and other financial institutions. The city's financial sector employs over 2 million people and contributes over $1 trillion to the US economy each year.
The supply of housing in New York City is limited, due to the city's geography and zoning laws. This limited supply helps to keep prices high, which is beneficial for you as an investor.
Rental yields in New York City are among the highest in America. Investors can generate a significant amount of income from their properties, even if they are not planning to sell them in the near future. Over the past five years Manhattan property average 5.5% yield.
New York State Multiple Listing Service (MLS) has recorded the average capital growth for residential property in New York City over the last five years at 12.2%, and in Manhattan the average has been 17.4%!