Posted by Leonard Steinberg of URBAN COMPASS on December 9th, 2014 The $500,000 per month rental of a full floor apartment located on the 39th floor of the luxury Pierre hotel, boasting 4,786 square feet of living space, six bedrooms and 6½ bathrooms, including the Presidential Suite has made headlines as a major rental record for… [Read More]
PIED-A-TERRORISTS? FOREIGN BUYERS ARE GREAT FOR NEW YORK!
Posted by Leonard Steinberg on February 24th, 2014 This weekend’s New York Post had a brilliant article written by a foreign owner (Diane Francis) from Canada, reminding all once and for all just how GOOD foreign buyers are for the City of New York. Recently they have been treated on the same level as terrorists!… [Read More]
DOLLAR SLIDES: WILL IT ATTRACT MORE FOREIGN BUYERS?
Posted by Leonard Steinberg on October 23rd, 2013 The dollar is hovering around 1.38 Euro’s, about 8% lower than a year ago: will this encourage even more foreign buyers?
EUROPEAN ECONOMY REBOUNDS: EUROPEAN BUYERS RETURNING TO NYC?
Posted by Leonard Steinberg on August 14th, 2013 It appears the European economy is rebounding: The German and French economies grew faster than the United States in the second quarter, pulling the Euro Zone out of its longest recession. Growth in the 17-country bloc was 0.3 percent from the previous quarter, with its two biggest economies both… [Read More]
CAN NEW YORK TEACH PARIS SOMETHING?
Posted by Leonard Steinberg on July 7th, 2013 Everyone keeps asking why New York is so popular with foreigners……and it is. New York welcomes about 47 million visitors annually. The top producing countries for international visitors to New York City in 2011 were the United Kingdom (1,055,000), Canada (1,033,000), Brazil (718,000), France (662,000) Germany (587,000), Australia… [Read More]
THE BUCKS FROM BRAZIL
Posted by Leonard Steinberg on Friday, April 13th, 2012 Brazil is revising its currency laws to allow more money to flow out of the country. The strength of the Brazillian economy which is the only energy self-sufficient country also has one of the fastest-growing middle classes on the planet. A strong and stable currency, coupled with a… [Read More]