TOWN Residential is a sales and development firm in New York City real estate that works in commercial and residential development. Their firm helps customers purchase homes, and the firm works with big developers who come from overseas. The 2016 year in New York real estate is to be a banner year for buyers and sellers, and TOWN Residential has created a list of predictions for the new year. The Daily News first reported these predictions, and TOWN Residential promises that 2016 will be a great year for anyone who wants to find a nice home in the city.
#1: Home Sales Will Continue On Pace
Home sales in the city will continue at a rapid pace, but the prices will not rise over time as they did in 2015. TOWN Residential has many properties around the city that are perfect for couples and singles, and they see a lot of growth in areas where condos are becoming popular. TOWN will not charge more these properties as prices have finally stabilized.
#2: Condos In Brooklyn Are Especially Popular
Condos in Brooklyn have become some of the best places for people to shop in the city because of the property values in Brooklyn. Someone who invests in Brooklyn today will see a large return on their investment, and the properties are beautiful. Living in Brooklyn puts citizens close to Manhattan, but they are not too far away from the island.
#3: The Bronx Is Exploding, Too
The Bronx is becoming a popular place for young professionals to live, and the properties in the area are growing in price and prestige. TOWN Residential has properties in the Bronx that show great potential, and the firm believes home sellers will make quite a lot of money selling to young professionals who work in the city.
TOWN Residential has a clear vision for what will happen in real estate in 2016, and they have properly predicted what will make the real estate market progress in the new year. Buyers in the city will pay stable prices, and there are many new prestigious properties to choose from.