Foreign Investment Increasing in New York

While the dollar has fallen to new lows against most major foreign currencies, most foreign investors have shied away from investing in New York real estate due to the subprime mortgage crisis.

Furthermore, the subprime problems are the second major financial crisis in less than a decade that has as its root cause a lack of adequate government regulation and oversight. Hence the large number of economic analysts that have argued foreigners have grown understandably wary of U.S. markets. While the United States used to receive a transparency bonus for our famously reliable and detailed economic and financial statistics, the U.S. is now being penalized by foreign investors concerned about more hidden troubles caused by a deregulated financial industry.

New York City, however, has largely been sheltered from the subprime woes that have enveloped the rest of the country. Because of this and several other factors, the New York's real estate prices are largely expected to increase over the next several years.


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