Regions

European citizens, concerned about the deepening euro zone crisis, are flocking to New York to buy real estate as safe assets and alternative investments.

And the recent election victory of French Socialist Party candidate Hollande made French and other European investors have more uncertainty. Hollande advocates a tax rate of 75% on people earning more than 1 million euros per year, including capital gains.

With a lot of worries about their homeland assets, Europeans go to Manhattan real estate, one of the most stable investments in the world’s history.

Underpinned by its international fame, continuously low vacancy rate and limited supply, New York’s real estate prices withstood the financial crisis and are expected to rise.

This article is copyrighted by IVCPOST