New York, New York

New York City is considered to be the capital of the world. Financial center on Wall Street, and the Guggenheim museums "Metropolitan", famous designers boutiques on Fifth Avenue, Broadway and unique architectural delights - the diversity of this city is amazing. Located on the Atlantic coast in the southeastern part of New York City is divided into five administrative regions: Bronx, Brooklyn, Queens, Manhattan and Staten Island. City, often referred to as the Manhattan of its inhabitants, is the historical city center. Here are the famous skyscrapers Empire State Building, Chrysler Building, the "Iron" and others, the theater district on Broadway, "Museum Mile" on Fifth Avenue, Chinatown and the world's largest central park. All this, as well as the picturesque location of the area and comfortable weather conditions make real estate in New York is very attractive to investors. But as far as property, "Big Apple" is reliable in times of economic crisis? Some experts argue that the price floor is not covered, and are predicting a further fall in property prices in the U.S., arguing that it was premature to talk about the end of the financial crisis. Others, citing the positive macroeconomic data on growth in the number of permits issued for housing construction during the second half of 2009 (indicator of future activity in the construction market), as well as revenue growth of construction companies on sales of real estate, talk about the turning point in the market. But they both operate on average for the country or across the state, losing sight of the individual regions, where because of the geographical, historical, social and other reasons can not be strong fluctuations in the value of the property. With full confidence we can say that New York City, along with some other major cities in the U.S., is a kind of island of stability. Despite the fact that systemic adverse changes in the economy still had an impact on the real estate market in New York, the average decline in property prices in this region in 2009 did not exceed 15%. The experts' Miel Distant Property Management »note that for this city this fall will certainly noticeable - property prices here have always had a tendency to increase. But the situation began to change. Sales in the second half of 2009, compared with the first half, with the seasonally adjusted increase on average by 15%. And the increase in demand always leads to an increase in the offer price. Also in the U.S. is very high inflationary expectations: the U.S. Federal Reserve during 2009 permanently lowered the discount rate, and currently the rate can be considered zero. This means that there is "printing money" in order to, inter alia, to stimulate mortgage activity of commercial banks. But we should not be a guru in economics to understand that the uncontrolled emission of money sooner or later lead to inflation. This, in turn, lead to an increase in property values. Thus, investment in real estate - the most reasonable investment, especially for the Russians. Historically, many Russian citizens keep their savings in U.S. dollars. And most importantly, the lion's share of Russia's GDP is formed by energy exports, which are also denominated in U.S. dollars. What will Russia do if, for example, your oil will get the same conditionally U.S. $ 75, but not for 29 rubles. per dollar, and for example, 20. The answer is obvious: the CBR will artificially reduce the rate of the ruble to the Russian budget and the oil companies have not suffered. So keep your assets, both in rubles and in dollars or in any other currency, at least, unwise. According to Natalia Zavalishin, General Director of "Miel Distant Property Management», - «the most reasonable to invest in real estate in the stable or promising regions, among which, of course, applies to New York. Besides, buying real estate in New York, there is no need to lose in the translation of dollar-denominated savings into any other currency. " High liquidity of real estate in New York makes it a flexible investment vehicle that allows almost any time at least to return his money, and most likely get a profit. This is, in modern terms, a more robust version of the allocation of funds than bank deposits, mutual funds and other financial instruments. Of course, when selecting desirable to consult with the professionals, because the potential of real estate in the city varies somewhat depending on the region and each individual building. For example, experts' Miel DPM »help assess the investment potential of any given object, and will save on unnecessary risk in the transaction. Obviously, the most attractive from all points of view is the area of ​​Manhattan (City) - the island, from which once begun and New York. Despite the fact that the City - this is a historic center with an established infrastructure, you can meet some very interesting offers in the market. In conclusion, the experts' Miel DPM »7 factors distinguish the attractiveness of New York at the moment: 1. This is the biggest business and cultural center of the world. 2. Speaking of Manhattan, due to geographical features (an island), there can not increase the amount of real estate offers. It is likely that scenario is repeated in Manhattan Monaco, where the average cost of a square. m. of housing has reached 30 000. 3. It is now the most flexible sellers are in the bargaining. Discounts can reach 10-15%. Such a favorable situation in 10-15 years time. And far-sighted investors, accumulated funds, attacking such regions. 4. Many experts believe the real estate market in New York, such a variety of proposals for the foreseeable future is no more. 5. Besides the actual investment is a good place for all those who are thinking about further education of children. 6. Significantly reduced interest rates on mortgages. And Russian citizens have the opportunity to receive credits equal to 50% of the value of the property for 20-25 years at a rate of 4-5%. 7. Kudos to owning real estate in Manhattan indisputable.