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Foreigners buying up New York City

Foreigners buying up New York City

From the BBC is this interesting report on the growing volume of foreign buyers of New York real estate, especially in Manhattan. With the steady decline of the US dollar and spiraling property values, international investors are finding great building deals in New York City. Even some "trophy" properties are being bought by overseas purchasers, as well as popular icons like the Chrysler Building. The United States is definitely being sold away bit by bit. To watch the full video, click here.

Permalink 07/01/08 by visitEarth
Tags: New York City, Manhattan, real estate, foreigners, Trump, NYC, property
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