The real estate market in New York City is one of the strongest real estate markets in all of the world. Prices in the city continue to increase due to demand from both foreign investors and local residents. While the NYC luxury real estate used to be dominated by older professionals, it is quickly becoming a more popular option for a much younger crowd.
Recent research in the NYC luxury real estate has found that much of the purchases of the bigh end projects in the city have come by younger professionals. Many of the younger professionals still work in the more traditional industries, including finance and law, but the tech market is continuing to have a growing impact on real estate in the city.
The younger and tech savvy real estate buyers in the NYC luxury real estate are looking for amenities that more traditional, and older, buyers would normally not. As opposed to having access to top schools, more square footage, and the highest end finishes, most younger buyers are far more focused on lifestyle options. Younger buyers in the high end real estate in New York City would often look for more social amenities, healthier and active options, and amenities onsite that can help to make their lives more efficient. This often includes better onsite fitness centers and more communal space, which encourages are more active and social lifestyle.
If you are looking to either buy a property in the city or invest in NYC luxury real estate, it would be a good idea to start your search working with Town Residential. Town Residential is a real estate firm that focuses on the NYC luxury real estate market. The company provides a number of different services including brokerage, sales, leasing, property management, and consultation to professionals in the real estate market. Working with Town Residential will help to ensure that you make the most informed decision possible when buying a new property. For more exciting luxury real estate prospects in NYC, check out Town Real Estate’s official website here: http://www.townrealestate.com/.