The New York property scene could be a beneficiary of the change in presidency in the US because of the effect a shift in sentiment may have.

Speaking in the wake of Barack Obama’s victory over John McCain, the president elect of the National Association of Estate Agents (NAEA) Chris Wood said that the situation across the US was one in which people had been calling for change.

He added: "If they get behind that, things will get better, they then start acting differently and that influences its own change."

Such a shift could boost both New York property in particular and that across the US as a whole.

Last week the NAEA chief executive Peter Bolton King said delegates at the National Association of Realtors conference in Florida last week were confident the market will get better once Mr Obama takes up the presidency.

New York property owners may have been among those supporting an Obama presidency as he took the state with 62 per cent of the vote.

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