Posts Tagged ‘New York’

Peckish New York property seekers can enjoy some culinary treats in between searching for new acquisitions when the Taste of Times Square festival takes place on June 8th.

Held from 17:00 local time at West 46th Street between Broadway and Ninth Avenue, entry is free and those who wish to indulge their tastebuds can buy tickets to sample the wares from a variety of stalls, trying out a cosmopolitan range of foodstuffs.

The range of eating experiences around Times Square and the rest of the city may be one reason for New York property investors being attracted to the Big Apple.

Times Square itself is often the centre of the action, with future happenings including the Solstice in Times Square, a mass yoga exercise that takes place on June 21st.

Others include sporting events that the public can participate in, such as the Manhattan Island Marathon Swim on June 6th.

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New plans for high-speed rail links in the US include a connection between New York City and the upstate area, with the line running to Albany and Buffalo.

President Barack Obama announced his blueprint for a series of routes across the country, on which government money will be spent.

Contrasting the lack of such routes in the US with other countries, Mr Obama said: "This is not some fanciful, pie-in-the-sky vision of the future. It is happening right now. It’s been happening for decades. The problem is it’s been happening elsewhere, not here."

Such a development could boost the value of New York property by increasing transport access around the state for those living or holidaying there.

New York property investors may have been reassured by a recent article in the Daily Telegraph commenting that the city remains great value for a holiday, despite the drop in the pound’s value against the US dollar.

Tips in the article included picking up a $74 (£50) city pass, which covers a range of attractions including the Empire State Building.

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New York remains an outstanding visitor destination, it has been stated.

In a feature on the city, the Daily Telegraph advised that a visit there is "still worth it", despite the lower value of the pound against the dollar.

The paper recommends a range of activities that visitors can enjoy at reasonable cost, including eating out, a trip to Central Park or a visit to the Museum of Modern Art.

It also noted that a $74 (£50) city pass can provide access to a range of attractions, including the Empire State Building.

Continued popularity for the city could in turn be good news for those investing in New York property.

Some investors keen to secure a New York property may look to the foreclosed home route.

Figures from research firm RealtyTrac showed that there were 4,301 filings in the state during February.

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An auction of New York property has been announced, which will take place this weekend.

The Hudson Valley homes, some of which are in New York state and some in New Jersey, will be sold off on Sunday March 22nd, United Country Real Estate has revealed.

Of the 60 lots available, some are family homes and others are waterfront properties, with land parcels and commercial premises also included.

Such an event and others like it could help New York property seekers to find a bargain in the state.

Commenting on the sales process, auctioneer with the firm Rob Doyle said: "This format allows qualified buyers the opportunity to see a variety of available homes and income properties and determine their current fair market values through the bidding process."

Many of those searching for New York property could look for a cheap deal by picking up a recently foreclosed home.

According to figures from research firm RealtyTrac, there were 4,301 new filings in the state in February.

Visit Rightmove Overseas for the best selection of New York property. Stop dreaming, start searching!

Those interested in New York property can join thousands of others in celebrating Easter with a difference as the city stages its annual parade.

Held this year on April 12th (Easter Sunday), this time-honoured tradition sees a huge number of people in costume travel through the streets of Manhattan.

The sporting of Easter bonnets by the ladies is one prominent feature of the event, with thousands showing off their headgear as they join the throng on Fifth Avenue.

Wearing American civil war costumes is another popular way for participants to mark the occasion.

New York property buyers may seek to join in the event, as well as seeing the other sights and sounds of the Big Apple.

Other activities can include climbing the Empire State Building and admiring the view, seeing a Broadway musical, shopping in Macys and enjoying the upstate New York scenery.

Upstate New York property is increasingly popular with investors looking to the US, an expert has commented.

Director of Mayfair International Realty Annette Reeve said that while Florida in general - particularly Orlando - is the most popular location for British buyers, the New York property scene is offering attractive alternatives.

She remarked: "If you can get it right then you can fly in and out of New York for not a huge amount of money and some of the upstate parts of New York are lovely," adding that these are popular areas with investors.

Ms Reeve’s comments come as a new poll has emerged showing US property to be more popular with investors than last year.

The Jet-to-Let magazine survey revealed that the country is now the third most popular location for investors, up from fifth last year.

France, Spain, Italy and Turkey were also among the top ten.

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New York property has seen the lowest house price falls compared to all other areas of the US, a new survey has revealed.

Property values in Manhattan dipped by 5.8 per cent during the fourth quarter of 2008, the poll by Zillow found, which followed price increases for the first nine months of the year.

And the New York metro area recorded the lowest rate of foreclosures in the US at 3.9 per cent, the data showed.

This is compared to Stockton in California, where foreclosures accounted for half of all sales.

"Public policy, in terms of both job creation and efforts to stem the tide of foreclosures, will have a large influence on when some of these markets find bottom," suggested Dr Stan Humphries, vice president of data and analytics for Zillow.

Investors in New York property may come across one of the city’s more unusual events this month.

The Sword Dance Festival takes place on February 14th and 15th, providing a platform for 14 performing groups to showcase their skills.

Visit Rightmove Overseas for the best selection of New York property. Stop dreaming, start searching!

Those who are keen on investing in New York property but want to be as green as possible may be able to enjoy the best of both worlds, it has been reported.

A survey by Green Roofs for Healthy Cities, a non-profit group based in Toronto, has found that New York is among the US cities where the practice of putting green roofs on buildings is growing fastest, the Chicago Tribune reports.

Such roofs are covered in plants such as water-absorbent sedum, helping to reduce the effects of urban heat-trapping and capturing water to reduce storm water run-off.

Green Roofs for Healthy Cities said that there has been a 30 per cent increase in such roofs in the past year.

While the majority of these have been civic or commercial buildings, they are also appearing on private homes, with a new tax incentive pilot scheme launched by New York state governor David Paterson aimed at increasing the use of these roofs in the state and the city.

The popularity of buying property in New York for Britons was emphasised this week by Royce Pinkwater, senior vice president at Sotheby’s International Realty.

He told Forbes: "The Brits are among our top buyers in New York."

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