The Real Estate Market Is Changing In NYC

The big news is that the NYC real estate market is changing fast. Certainly, the face of the typical luxury property purchaser has changed dramatically over the last few years. The face is younger and belongs to a purchaser that is probably under 30 years old. They are eager to purchase their first home in the heart of NYC. The new luxury purchaser is more interested in high tech living with the usual high tech toys and accessories that make their life just a little more comfortable. Let’s examine this a little further.

Typical Locations
NYC real estate agents agree that location is very important to the younger luxury buyer. Typically, they want to live in the middle of all the action. They would prefer to live walking distance to the nearest restaurants, bars, and shopping. For example, the hot spots in NYC real estate are the Manhattan area. The fact is that a large number of the new luxury purchasers are entrepreneurs that work out of a home office. Certainly, they prefer an office equipped with the latest high tech tools to communicate with people across the city or across the world.

Preferred Homes
NYC real estate agents find that the younger buyer prefers a luxury home with the high ceilings and spacious rooms to display their art work. The typical purchaser looks for an apartment or condominium with a balcony to view the city while they sip their morning coffee or to sit and entertain their guest.

About Town Real Estate
NYC real estate is moving fast. More and more people are moving to the city daily, and looking for that perfect luxury apartment, condominium, or town house. Of course, new arrivals could look for a new luxury home independently, but the best course of action is to hire a Town Real Estate professional to find that perfect luxury home. Their staff is experienced and knowledgeable about NYC. Town Real Estate is an industry leader and provides customized top quality service to their clients.

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