There's No Place Like New York

Evening Standard - London (August 23, 2006)

Author: David Spittles

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Summary


There's no place like As US property prices hit a 10-year low, now could be the time to buy that Manhattan apartment, says David Spittles

REMARKABLY few Londoners buy property in New York - despite the undeniable affinity between the two cities. However, with sterling remaining strong against the dollar, and with US property prices in the doldrums, now could be the perfect time to give yourself a second home in one of the world's most exciting cities.

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Extract


There's No Place Like New York

Manhattan is the obvious place to start looking, with its glamorous and dynamic property market, which proved its underlying strength with a spectacular comeback following 9/11.

When asked, in 2003, for his best investment tip, New York's Mayor, Michael Bloomberg, urged people to buy property in Lower Manhattan, the Wall Street...

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