If your looking to buy an apartment in New York City then understand the prices are rising fast. After a near fifteen percent price increase a Condo in the city will now cost you upwards of three million dollars. Of course there are other alternatives. Perhaps renting an apartment to share with others is what you are looking for. Though not for everyone this living will keep a little more money in your pocket albeit maybe a smaller space than one is accustomed to.
- New York is a very expensive city to live in.
- Apartment sales in New York have risen in 2017. The average price is 2.19 million dollars.
- Although prices are rising, rent isn’t because of slow job growth and increase of supply.
“Condominium units also saw an increase, jumping some 13 percent to a $3.12 million average, the report said.”