Cities don’t come much more exciting than New York, America’s financial capital where high-speed glamour and limitless opportunities have always encouraged new arrivals.
Quite simply this is a city, like London and Hong Kong, where affluent global nomads want to be. Manhattan, one of New York City’s five boroughs is familiar from countless films and television programmes making icons out of Central Park, Fifth Avenue and the towers of Wall Street.
This is the city that never sleeps, a full-on 24-7 whirl of work, play, culture and of course shopping.
The New York market is not an easy one to enter, made up mostly of co-ops, a specifically New York concept that generally excludes foreign buyers. A building boom of new towers and condos, many designed by world famous star-architects are providing fresh options.
A third of all new condo developments in New York are purchased by non-USA buyers and buyers come for many reasons: business, a perfect city pad in a well-connected city or for education at one of New York’s excellent universities and colleges.
The traditional prime residential areas of Upper East and West side around Central Park with easy access to Fifth Avenue, Central Park and Museum Mile have new competition from hip Downtown areas including Greenwich Village and SoHo. In Midtown too, between the former office district of 53rd and 60th Streets, there is plenty of activity with several new super-tall and super-slim residential towers.
Seven miles below Central Park Lower Manhattan has been reinvigorated helped by the opening of The Freedom Tower. The former financial focus has widened to include riverside parks, sparkling new retail space and integrated transport hubs and young families are moving in.
Across the East River from Manhattan, the on-trend brownstones of Brooklyn continue to grow in demand, attracting a youthful crowd in search of more space for their dollars and yet more iconic architecture.