NY Buy to Let market

Foreign investors are purchasing all available property in New York City, as the country's housing market seems to avoid this region.

New York City is still the capital of real estate in the United States in terms of stability. The city is known for its business like extremes and its very pricey lofts. As many foreign property developers and investors look for new opportunities in a struggling housing market within the United States, many are looking towards New York City as an opportunity.

One of the key areas in doing so is in the short to long term buy to let market. As more and more European and Asian employees come to the city to visit for business needs or extended stays, they rent out high end apartments and lofts throughout the city. Recently, foreign investors have been purchasing up and renting these units for as much as US $4000 a month.

Some of those that need to rent out these facilities for employees having to come from Europe or Asia are being the investors and actually doing the buying of these developments. New York property is still a good investment even in the short term.

This is happening in other cities as well. One of the key benefits investors see is the growing increase in the value of their money. It costs much less to purchase property in the US as the Euro continues to grow in valuable against the dollar. Foreign investors see this as promising.

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