Add listing Log in

The rental market in Manhattan has ceased to seethe

16.01.2014
Homesoverseas.ru editorial office
29
Prices for apartments in Manhattan fell in December after a sharp decline in market volume, while the potential tenants of apartments attracts a rapidly growing real estate market, reports Bloomberg.com . The average monthly price for rental apartments in Manhattan fell by 1.6% and reached US $ 3,100, according to reports from the consulting company Miller Samuel and brokerage Douglas Elliman. This incentive as free accommodation for the first month's rent, was proposed in 13% of the new contracts, compared with the 4.4% of December 2012, which is the highest level since March 2011. Rental prices began to fall in September, after 27 consecutive months without a decline. After such a long period of growth renters can confidently dictate their terms. On the other hand, a jump in mortgage rates after almost record lows has forced buyers to hurry up in May, before the purchase of real estate becomes more expensive. In the fourth quarter of 2013 sales by cooperatives and condominiums reached its highest level for twenty-five year period, noted Miller Samuel and Douglas Elliman. The volume of vacant premises for rent in December was 2.78% compared to 1.77% last year and is currently has the highest rate since August 2006. The number of new lease contracts decreased by 27% to 2109 in the fourth quarter - the lowest since September 2011. Reduced price is not an indicator of reducing the volume of the rental market, but rather refers to cooling after the violent activity of the last two years, the president of the New York office of Miller Samuel, Jonathan Miller. HomesOverseas.ru
All news by this country
All news
RSS feed
Discussion
Subscribe to Homesoverseas newsletters with new listings
Enter your e-mail:
57 351 €
2 bedrooms
build area 67 sq. m
plot area 4500 sq. m
negotiable price
garage
downtown area
selling by owner
from 7 994 681 €
3 bedrooms
build area 418 sq. m
pool
furniture
terrace
seller: NF Group
from 934 372 €
3 bedrooms
build area 158 sq. m
furniture
seller: NF Group