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by OP-Mall on Wednesday, July 8th, 2009 in New York Property, North American Property
The once thriving real estate market in New York’s prestigious Manhattan district has experienced a heavy blow in the last three months. Sales have gone down by 50% and prices have continued to sink, leaving owners little hope to sell their apartments for a nice profit.
Jonathan Miller, CEO of real estate appraiser Miller Samuel, stated: “Sales were off by 50% because of the weak economy, rising unemployment and, most important, the credit crunch.”
by OP-Mall on Thursday, July 3rd, 2008 in New York Property
Real estate magnate, Donald Trump is seeking billion dollar investments from the booming economic regions of the Arabian Gulf. Rodrigo Nino, president of Prodigy International, advisers to The Trump Organization said to the press on June 29th. “I expect to see at least $2bn of investment from the Middle East in the next 12 to 24 months.
We’re particularly targeting Middle East investors for our $2.5bn inventory in Manhattan and $1.5bn inventory in Panama,” Nino told Zawya Dow Jones at the Dubai sales launch of the Trump Soho Hotel Condominium in New York.
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Overseas Property Mall is an international real estate investment blog that has been offering free & reliable international property research, news and interviews since March 2005. We continually monitor global real estate markets & offer investment insights by giving pointers on where to and not invest. Our key differentiator is our objectivity, in-depth analysis & wit in delivering very useful global property news, tips & information.
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