Tuesday, March 11, 2008
NEW YORK - Foreign companies from Asia and Europe have started to provide temporary corporate housing for their employees, and the companies have to shell out $4,000 per month. Now more companies from overseas are purchasing high-end Manhattan condominium apartments for their staffers. According to these companies, strategy makes perfect sense because of the flourishing real estate market of Manhattan and the favorable exchange rate.
The real estate market of New York has been very strong for a number of years; the average price of a house in Manhattan in the year 2007 was $1.26 million, up 11 percent from the previous year, according to the Real Estate Board of New York. A survey in 2007 showed that the city of New York was 15th among the world's most expensive cities, behind places like Moscow and London.
The real estate market of New York has been very strong for a number of years; the average price of a house in Manhattan in the year 2007 was $1.26 million, up 11 percent from the previous year, according to the Real Estate Board of New York. A survey in 2007 showed that the city of New York was 15th among the world's most expensive cities, behind places like Moscow and London.
posted by Webprofits
@ 5:17 AM
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