Why Successful Business Owners and Professionals Globally Invest in Manhattan Property
By Wei Min Tan
Successful entrepreneurs and professionals from around the world have been investing in Manhattan apartments for a long time.
We are very familiar with the reasons clients invest in Manhattan, New York because this segment is our focus. The basic drivers are as follows:
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127 E 56 ST, 4TH FL, NEW YORK, NY 10022 USA212.firstname.lastname@example.org Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property. View Wei Min's media appearances.
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New York property is regarded as a safe investment against inflation, economic uncertainty, political instability and even theft in their home country. High net worth investors work very hard to accumulate wealth and they work hard at preserving it as well.
Clients investing in Manhattan property are not expecting high returns, which can be more easily attainable through businesses or property in emerging markets. Rather, they expect a stable rate of appreciation. At a minimum, they want their principal investment to maintain value.
Clients understand the diversification concept beyond the business school split of 60 percent stocks, 40 percent bonds. Property in a prime city like Manhattan (or London) diversifies their asset portfolio.
Clients who are business owners do not have time to track and endure the daily fluctuations of the stock market. Manhattan property brings peace of mind and the semi annual or annual price updates they get is predictable.
Leaving For Children
Property investment in a top city is also a way to leave assets to children. Since price appreciation with property is driven by time, investors appreciate knowing property value would increase over time as their children get older.
The current down payment to purchase a property is small relative to what the property value would be 10 or 20 years from now. Appreciation in Manhattan is certain because this is a land-locked island with an ever growing population.
View of One World Trade Center and Battery Park.
Castle Avenue Team
127 East 56 St, 4th fl, New York, NY 10022 firstname.lastname@example.org +1.212.380.6134 Property Blog
Manhattan, New York residential condominium specialist focusing on investors and international buyers